SINGLE FAMILY HOME SALES:
OCTOBER TO DECEMBER 2018
The number of homes sold during 4th Quarter 2018 fell by 1/3 when compared to 4th Quarter 2017. Most of the decrease was in homes priced at $450,000 and up. The Days on Market (the # of days between listing a property and the closing date) rose in nearly every price range, with the average home in the $250,000 to $349,000 range taking more than 3 months to sell. The comparison of sales price to list price reveals a slightly higher discount.
The decrease in sales is impacted somewhat by the time of year, people tend to stay put in the winter, especially over the Holidays. The increased days on market indicates a slowdown in the market activity. Average prices have dropped by ½ of a percent (e.g. $2,000 on a $400,000 home), not a significant decrease but something to be aware of in this current housing market.
| SALES DATA: OCTOBER – DECEMBER |
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|
Number of Sales |
Days on Market |
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| Price Range |
2017 |
2018 |
2017 |
2018 |
|||||||
| $200,000 – 349,999 |
19 |
16 |
52 |
112 |
|||||||
| $350,000 – 449,999 |
26 |
16 |
73 |
48 |
|||||||
| $450,000 – 649,999 |
21 |
7 |
47 |
87 |
|||||||
| $650,000 + |
0 |
2 |
0 |
16 |
|||||||
| Total Sales / Average DOM |
66 |
41 |
56 |
78 |
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|
Average Sales Price |
Average List Price |
Sold vs List % |
|||||
|
Price Range |
2017 |
2018 |
2017 |
2018 |
2017 |
2018 |
|
| $250,000-349,999 | 314,973 | 297,775 | 320,615 | 303,443 |
-1.8% |
-1.9% |
|
| $350,000-449,999 | 392,199 | 399,206 | 395,692 | 402,868 |
-0.9% |
-0.9% |
|
| $450,000-649,999 | 515,830 | 536,539 | 522,471 | 549,496 |
-1.3% |
-2.4% |
|
| $650,000 + | – 0 – | 799,950 | – 0 – | 807,450 |
-0-% |
-0.9% |
|
| Average | $409,304 | $402,168 | $436,552 | $408,838 |
-1.2% |
-1.7% |
|
