Year end Stats:) I can provide a Chart for your Subdivision:)

This quarter, our Listed Homes is down 10% over the last 3 years, yet SOLD is up 2.1%, and Under Contract is up 6.7%.  I think this is good.  We have more buying going on!

Our Median Sold Price is down ONLY 0.7%.  This has NOTHING to do with the values of the home, but a total of all the units sold divided by the sales price.  We want this to go up – but compared to last year – it IS going up. 

Days on Market (DOM is the LOWEST it’s been since 2010!  85 days is the current average, but LAST quarter it was 80!  Good numbers :)  REMEMBER – this is an MLS wide average – all price ranges and areas.  I can provide a subdivision CMA for more location accurate data.

Lastly I  can provide a chart of “Sold Price” (SP) vs. “Original Price” (OP).  This number is DROPPING some – 1.4%.  Charts show that on average, homes are being sold for 93.6% of the ORIGINAL asking price.  This won’t include price drops in the MLS – just the original list price.

WHAT DOES THIS MEAN?  Things are getting better!  We are a balanced market, with reasonable times to sell homes.  It is believed 7% off original price seems a LITTLE high – but that could be reflective of over pricing to start, or short sales affecting the difference.  But note that percentage has RISEN from 2010 and 2011.  All good signs!

Year end Stats:) I can provide a Chart for your Subdivision:) Call me 990-5944

Crystie Macormac
Realty World Alliance-S.R.E.S.- Associate Broker
990-5944