We can’t believe it’s November already – 2018 is starting to wind down! New listings are up by 20% in October as compared to last year. In addition, the year-to-date and rolling month averages for new listings have both increased slightly as compared to last year. However, we are seeing fewer pending sales (down 5% from last October). The average days on market is continuing to drop by 5% from last October, and 17% year-to-date. The average price per square foot is continuing to rise across the board. The median sales price is on the upswing and comes in at $212,850 (up 9% from $196,000 last year).
If you’re looking to sell your home—this is certainly a seller’s market! As a team, we’ve closed 56 seller transactions to date in 2018. Please, if you have any questions, or are looking to put your house on the market, please contact us!
In 2018 so far we’ve helped 69 buyers find their home. If you’re interested in starting the home search, we’d be more than happy to guide you through the ins and outs of purchasing from contract to closing.
Stay tuned for more Market Trends… right here on Harrisonblog.