Clermont Northeastern Home Sales Update Covering July 2017

Clermont Northeastern Home Sales Update Covering July 2017 | CNE Homes For Sale | Clermont Homes For Sale

 

Clermont Northeastern home sales update

The Clermont Northeastern Home Sales for July, 2017 shows new high numbers for two categories and strong showings for all others.

Topping the list is the average sale price of $172,133.  Not only is that an amazing jump from June, it is over 10% higher than January’s number of $155,166. While that is making sellers whistle their way to the bank, it will bear watch.  Large jumps in value often indicate a big probability of a pending “adjustment” where the price drops quickly.

Also setting a record for the year are the days on market.  It has been as high as an average of 50 days on the market for a home to sell.  Last month it fell to 37 days.  

If homes listed under $165,000 are not getting serious interest within a couple weeks of going on the market, buyers are sending a message.  First check the marketing to make sure that it is being seen by buyers and also that the marketing is presenting a desirable message about the home.  Second, check the price against what has actually closed.  Too often homes are listed primarily looking at homes that are active, i.e. have failed to sell so far.  A home seller must understand what buyers have actually been will to pay for a home, not what a seller is hoping to get.

 If your home was on the market and didn’t sell, Contact Us!  We specialize on selling homes which other agents struggled with.

For details about the market, check the graph below.

CNE 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, 2017381169$342,995$155,16697.55%4.338
February, 2017331465$380,677$165,56096.94%4.145
March, 2017321854$359,094$155,74396.87%5.5547
April, 2017352649$336,535$158,68296.96%7.650
May, 2017283057$377,786$161,79397.11%6.141
June, 2017272659$387,817$163,68196.96%5.4140
July, 2017292366$394,966$172,13396.59%4.737
August, 2017312368$380,306$169,49496.90%4.832
September, 2017322076$368,125$172,44697.94%4.131
October, 2017
November, 201735980$321,551$185,53798.15%3.328
December, 2017371069$319,874$179,08397.92%4.129

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Clermont Northeastern homes sales update covering July 2017
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