Bethel Tate Home Sales Update For April 2017

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 bethel tate home sales updatehaving 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 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, 2017
February, 2017271757$250,188$122,69097.174.652
March, 2017221659$257,008$127,60796.37%3.8761
April, 2017171957$288,159$125,62595.58%3.866
May, 2017242263$252,713$136,17895.794.3862
June, 2017252263$260,950$137,04096.17%4.4859
July, 2017281674$224,183$145,36396.47%3.650
August, 2017321991$251,950$151,94496.99%4.141
September, 2017212373$271,574$145,83197.56%3.731
October, 2017
November, 2017261574$196,523$156,97896.52%3.334
December, 2017221760$207,209$152,85496.1%3.928