Let’s take a look at residential real-estate activity in your area during the month of September. The number of active listings was down 10% from one year earlier, and down 1% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from.
As you can see, the median listing price for the month was just under 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 3%. This lower number of days may signal a positive trend in the local inventory-turnover rate.
The median sale price was just under 170-thousand dollars. The number of units sold increased 2% year-over-year, and decreased 14% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they’re looking for.
I hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact me for more information or further assistance, and of course, continue to follow my blog for selling tips, market advice, and first time home buyer information to make your real estate transactions as sweet as pumpkin pie.
Call me with any questions, 210-570-9103
