Clermont Northeastern Home Sales Update Covering July 2017 | CNE Homes For Sale | Clermont Homes For Sale
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 Listings Pending Listings Sold Listings Avg Active Price Avg Sold Price % of List
To Sale PriceAbsorption Rate
> 6 = Buyer's Market
< 5 = Seller's Market Avg Days
On Market
January, 2017 38 11 69 $342,995 $155,166 97.55% 4.3 38
February, 2017 33 14 65 $380,677 $165,560 96.94% 4.1 45
March, 2017 32 18 54 $359,094 $155,743 96.87% 5.55 47
April, 2017 35 26 49 $336,535 $158,682 96.96% 7.6 50
May, 2017 28 30 57 $377,786 $161,793 97.11% 6.1 41
June, 2017 27 26 59 $387,817 $163,681 96.96% 5.41 40
July, 2017 29 23 66 $394,966 $172,133 96.59% 4.7 37
August, 2017 31 23 68 $380,306 $169,494 96.90% 4.8 32
September, 2017 32 20 76 $368,125 $172,446 97.94% 4.1 31
October, 2017
November, 2017 35 9 80 $321,551 $185,537 98.15% 3.3 28
December, 2017 37 10 69 $319,874 $179,083 97.92% 4.1 29
