Bethel Tate Home Sales Update Covering Feb 2017

Bethel Tate Home Sales Update Covering Feb 2017 | Clermont Homes For Sale | Bethel-Tate

Home Sales In The Bethel Tate School District

There is much to be enjoyed by not living in a more crowded, suburban neighborhood.  While the real estate market Bethel Tate Home Sales Update Covering Feb 2017isn’t as active, it tends to be more stable.  In contrast to places like Miami Township or Loveland, Bethel Tate’s numbers won’t reach the headlines of Washington Post, however, they can be much easier to live with in the long run!

First of all, the “absorption rate” is in a great place.  At 4.6 it is pretty much showing a very balanced market.  Buyers can be more confident they aren’t overpaying for a home due to excessive competition from other buyers.  Sellers also can know they are getting a solid price on their home and not going backwards due to too many other homes on the market.

“Days On Market” is a little bit longer in contrast to some other local markets.  When you remember that not so long ago the average days on market for a home was 6 months or better, 52 days looks pretty good!

It is expected that interest rates will increase sometime during the year, but marginally.  An increase in the interest rate negatively impacts buyers faster than higher prices.  A higher interest rate means a buyer is not able to borrow as much meaning they aren’t able to buy as much of a home as they had been.

See currently listed homes in the school district: Click Here!

Bethel Tate School District Market Update (Each month is the previous 6 months totals & averages)

 Active ListingsPending ListingsSold ListingsAvg Active PriceAvg Sold Price% of List
To Sale Price
Absorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market
Avg Days
On Market
January, 2017
February, 2017271757$250,188$122,69097.174.652
March, 2017221659$257,008$127,60796.37%3.8761
April, 2017171957$288,159$125,62595.58%3.866
May, 2017242263$252,713$136,17895.794.3862
June, 2017252263$260,950$137,04096.17%4.4859
July, 2017281674$224,183$145,36396.47%3.650
August, 2017321991$251,950$151,94496.99%4.141
September, 2017212373$271,574$145,83197.56%3.731
October, 2017
November, 2017261574$196,523$156,97896.52%3.334
December, 2017221760$207,209$152,85496.1%3.928