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.

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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