Batavia Home Sales | September 2017 | Batavia Homes For Sale
Batavia School District | Batavia Home Sales
Batavia Home Sales this month show a mild adjustment in most categories and strong uptick in a couple of others. The average list and sales price have moderated a bit while the absorption rate and time on market have strengthened.
Moderating, the average sale price has dropped a bit. This month it stands at $198,815 in contrast to last month’s $219,622. Last month we expressed a concern over the jump in average sale price due to the concern that too rapid of an increase in prices can signal that a sudden drop looms over the horizon.
Both the absorption rate at 2.5 and the sale price to list price ratio of 97.88% continue to show a healthy and strong housing market. Home sellers are seeing almost all of the price they are asking for a home. The absorption rate is a marked improvement over last month’s 3.4. The lower the number the more of a seller’s market it is.
Among the county school districts, comparatively, Batavia’s 55 days on market is a bit long. At the same time, this is the lowest it has been for the school district for the entire calendar year. This is a good overall indicator.
What is anticipated over the next couple of months is a slight softening of days on market and the absorption rate. This typical for this time of year with school back in session and the holidays looming around the corner.
If you are looking for a top agent to sell your home who understands home sales in our area, use this simple EZ Form for more information!
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Batavia 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 48 13 127 $176.972 $170,721 96.47% 2.9 60
February, 2017 48 25 108 $220,589 $179,458 96.84% 4.1 62
March, 2017 48 30 99 $228,197 $178,117 96.97% 4.7 77
April, 2017 46 40 91 $235,236 $176,146 96.99% 5.7 68
May, 2017 32 39 108 $221,912 $187,577 97.27% 3.94 74
June, 2017 38 30 117 $237,082 $196,218 97.58 3.49 67
July, 2017 41 31 120 $230,471 $197,532 97.86% 3.6 65
August, 2017 32 19 91 $256,178 $219,622 97.89% 3.4 62
September, 2017 38 22 142 239,995 198,815 97.88 2.5 55
October, 2017
November, 2017 37 17 119 $232,956 $189,478 97.65% 2.7 42
December, 2017 34 18 106 $237.149 $187,681 97.5% 2.9 46
