Bethel Tate Home Sales Update | For April 2017 | Bethel Tate School District
Bethel Homes For Sale
The Bethel Tate home sales update for April 2017 has the school district leading the market in 
having the lowest absorption rate in the area meaning, it is the strongest seller’s market among other Clermont school districts. Currently at 3.8 months of inventory, that means there is a shortage on available homes for the demand from buyers. A lot of that is due to the drop in the number of available listings. Since February, there has been about a 37% drop in the total number of available homes. It will be interesting to see how this impacts the sale price to listing price ratio next month.
Usually, when the amount of available homes drops, there is an increase of the sale to listing ratio meaning, buyers are in more competition with other buyers, driving prices higher. If there is an influx of new listings, it could prevent that from happening.
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
