Batavia Home Sales – For September 2017

Batavia Home Sales | September 2017 | Batavia Homes For Sale

Batavia School District | Batavia Home Sales

Batavia Home Sales Update

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 $219,622Last 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 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, 20174813127$176.972$170,72196.47%2.960
February, 20174825108$220,589$179,45896.84%4.162
March, 2017483099$228,197$178,11796.97%4.777
April, 2017464091$235,236$176,14696.99%5.768
May, 20173239108$221,912$187,57797.27%3.9474
June, 20173830117$237,082$196,21897.583.4967
July, 20174131120$230,471$197,53297.86%3.665
August, 2017321991$256,178$219,62297.89%3.462
September, 20173822142239,995198,81597.882.555
October, 2017
November, 20173717119$232,956$189,47897.65%2.742
December, 20173418106$237.149$187,68197.5%2.946