Bethel Tate Home Sales | For Year Of 2017 | Bethel Tate School District
Bethel Homes For Sale
The Bethel Tate home sales for the year of 2017 showed steady improvement with some great gains. There are three statistics which demonstrate this.
The first is Days On Market (DOM). The years started out with an average 52 days a home was on the market before going under contract. It ended with 28 days. That represented the shortest amount of DOM for the year. September had been at 31 days.
The second is the Absorption Rate. This measures the amount of inventory against the rate of sales. The smaller the number, the stronger of a seller’s market, with 5 and 6 being considered a balanced market. The initial number was 4.6 which was the highest number for the year. The majority of the year was below 4 with the final number being 3.9. That indicates the that sellers are more in control than they have been since the market had a buyer side swing starting in 2008.
The third and most impressive statistic is the average sale price. The years started at $122,690 and increased greatly by about 20% to $152,854. That is a VERY high percentage of an increase. A higher than normal number of closing from August through November may have contributed to that due to the number of active listing not having significantly changed.
Looking at 2018, indicators point toward a continued strengthening of the market. With the number of listing remaining constant and demand still being strong the trend toward short market times and rising prices will likely continue.
Check out all the statistics in the graph below.
To see how the school districts in Clermont have done, Click Here.
Bottom line, if your home failed to sell, CALL US! We specialize in selling homes other agents couldn’t sell! Call or text 513-201-7890 or Click Here! You can also use the simple EZ Form below!
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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
