Bethel Tate Home Sales | For September 2017 | Bethel Tate School District
Bethel Homes For Sale
The Bethel Tate home sales for September, 2017 continues to show improvement.
The average sale price moderated a bit to $145,831 from last months’s $151,944. With the jump noted in last month’s report, this is a healthy move. Continued spikes in prices is often an indicator of a sharp market adjustment downward looming in the not too distant future. While closer to the numbers in the July report, overall it continues an upward trend for the calendar year and bodes well for planning in 2018.
A great indicator of a healthy housing market is the sale to listing price ratio. This month it is 97.56%. That is the strongest number this year. It isn’t a large jump, however it reinforces the other indicators that the market continues to strengthen. A tremendous help has been the interest rate that actually dropped instead of the anticipated hike. As long as that holds true, first time buyers are able to afford purchasing a home which impacts everyone else who is wanting to move up.
The days on the market, it takes for a home to sell, has hit a new low for the calendar year. Previously it was at 41 days. It is now 31. This indicates that there are buyers actively looking for homes in the school district and as they hit the market they are jumping at them.
When it comes time to sell your home, get a top agent who understands our market and stays on top of what is happening. Use the simple EZ Form below for more information.
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Bethel Tate 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
February, 2017 27 17 57 $250,188 $122,690 97.17 4.6 52
March, 2017 22 16 59 $257,008 $127,607 96.37% 3.87 61
April, 2017 17 19 57 $288,159 $125,625 95.58% 3.8 66
May, 2017 24 22 63 $252,713 $136,178 95.79 4.38 62
June, 2017 25 22 63 $260,950 $137,040 96.17% 4.48 59
July, 2017 28 16 74 $224,183 $145,363 96.47% 3.6 50
August, 2017 32 19 91 $251,950 $151,944 96.99% 4.1 41
September, 2017 21 23 73 $271,574 $145,831 97.56% 3.7 31
October, 2017
November, 2017 26 15 74 $196,523 $156,978 96.52% 3.3 34
December, 2017 22 17 60 $207,209 $152,854 96.1% 3.9 28
