4th Quarter 2018 – Single Family Home Sales

swilliams Education , Real Estate

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

Number of Sales

Days on Market

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

 

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%

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