New Listings
We currently have 14 new listings on the market, with prices ranging from $78,900-$899,900. The median price for these new listings is $269,450, providing buyers with a diverse range of options at various price points.
Price Adjustments
In the realm of price adjustments, we’ve seen 9 price decreases this week, with a median adjustment of $10,000. This might present an opportunity for buyers looking for better deals, as sellers are adjusting prices quicker to attract interest.
Days on Market
The average days on market for these properties stands at 69 days. This indicates a steady market where listings are taking some time to sell but not excessively long, suggesting a balanced buyer-seller dynamic. Time on market has decreased since last week.
Closed Transactions
In terms of closed transactions, there have been 11 sales this week, with a median sales price of $237,500. It’s encouraging to see ongoing activity in the market, especially at this price point, which can indicate healthy buyer interest, even thought it is down slightly from last week.
Pending Transactions
Additionally, we have 7 pending transactions, with a median price of $319,500. This suggests that buyers are still actively making offers and negotiating sales, which is a positive sign for the market’s overall health. Median price is up from last week.
Other Noteworthy Points
A few other points of interest include 1 canceled listings and 1 properties that are back on the market. However, it’s worth noting that there have been no price increases or expired listings this week, indicating a stable market.
Conclusion
To summarize, the market is stable with new listings, a mix of price adjustments, and ongoing sales activity. It’s a great time for buyers to explore their options and find the right property for their needs.
Be sure to follow along to stay in tune with our local market! See you next week!
~W
