The following is a summary of the information that is highlighted in the above mailer:
- Total homes SOLD UP 5% to 1511
- Average SOLD price UP 7% to $180,000
- Average number of days on market – DOWN 30% to 97 (days from start of the listing until the property is under contract)
- Total sales and volume UP 12% to $271,318,525.
- New listings UP 9% to 2800.
These are positive signs that the market is improving in our area. Homes are selling faster at a slightly higher price and our volume is increasing. When homes are priced at or slightly below market value, they will sell in a timely manner.