SINGLE FAMILY HOME SALES:
January to March 2019
The number of homes sold during the 1st Quarter 2019 was nearly half of the number sold during the same quarter of 2018. There were a third fewer home sales (5 vs 14) in the $250K to $349K range and nearly half as many (9 vs. 17) in the $450K to $659K range compared to last year. The average days on market (the # of days between listing a property and the closing date) varied from range to range, but overall days to sell were lower than last year. The comparison of sales price to list price varied within the price ranges, but was similar overall.
The 1st quarter 2019 decrease in sales reflects a slower and smaller market than last year but the start of the 2nd quarter 2019 indicates a brisker home sales environment. Prices are holding steady and there are 61 single family listings as of 4/8/19.
| SALES DATA: January to March 2019 | |||||||||||
|
Number of Sales |
Days on Market |
||||||||||
| Price Range |
2018 |
2019 |
2018 |
2019 |
|||||||
| $200,000 – 349,999 |
14 |
5 |
77 |
54 |
|||||||
| $350,000 – 449,999 |
18 |
12 |
113 |
49 |
|||||||
| $450,000 – 649,999 |
17 |
9 |
67 |
83 |
|||||||
| $650,000 + |
0 |
1 |
0 |
291 |
|||||||
| Total Sales / Average DOM |
49 |
27 |
87 |
70 |
|||||||
|
Average Sales Price |
Average List Price |
Sold vs List % |
|||||
|
Price Range |
2018 |
2019 |
2018 |
2019 |
2018 |
2019 |
|
| $250,000-349,999 | 320,864 | 299,880 | 331,789 | 301,960 |
-3.4% |
-0.7% |
|
| $350,000-449,999 | 397,972 | 396,441 | 403,316 | 405,175 |
-1.3% |
-2.2% |
|
| $450,000-649,999 | 513,089 | 522,155 | 518,747 | 530,477 |
-1.3% |
-2.2% |
|
| $650,000 + | – 0 – | 701,900 | – 0 – | 699,900 |
-0-% |
+0.3% |
|
| Average | $415,883 | $431,777 | $422,917 | $438,744 |
-1.7% |
-1.6% |
|
