Clermont Northeastern Home Sales – For August 2017

Clermont Northeastern Home Sales | August 2017 | CNE Homes For Sale 

Clermont Northeastern Home Sales Update

Clermont Northeastern home sales update

The Clermont Northeastern Home Sales for August, 2017 is a continuation of strong numbers.  While there are new records for the school district for high prices or time on market, there is a continued solid, stable trend.

Both CNE and Williamsburg have about the same time on market, absorption rate and sale prices.  And both continue showing a very steady, dependable pattern.  With CNE, the absorption rate is at 4.8 which reflects a balanced market with a very slight leaning toward a seller’s market.  While there will always be shifts one direction or another, a balanced market is safe for both seller and buyer.  There are enough buyers that properly priced homes in good condition can be confident of going under contract in about a month’s time.

The jump in the average sale price last month returned to a price that is closer to normal.  While higher than the prices we saw from January through June, at $169,494 it isn’t the spike that was a little worrisome that we saw in July. 

The number of active, pending and sold listings continue on an almost carbon copy pattern from previous months.  Sales continue at about 10 to 11 per month with approximately 30 active listings and 21 to 24 pending listings.  When combined with a list price to sale price percentage of 96.9%, things continue on a steady pace.  Yes, some school districts have seen stronger numbers, however, usually those districts that experience stronger spikes up experience the same thing going the other direction.  

 If your home was on the market and didn’t sell, Contact Us!  We specialize on selling homes which other agents struggled with.

For details about the market, check the graph below.

CNE 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, 2017381169$342,995$155,16697.55%4.338
February, 2017331465$380,677$165,56096.94%4.145
March, 2017321854$359,094$155,74396.87%5.5547
April, 2017352649$336,535$158,68296.96%7.650
May, 2017283057$377,786$161,79397.11%6.141
June, 2017272659$387,817$163,68196.96%5.4140
July, 2017292366$394,966$172,13396.59%4.737
August, 2017312368$380,306$169,49496.90%4.832
September, 2017322076$368,125$172,44697.94%4.131
October, 2017
November, 201735980$321,551$185,53798.15%3.328
December, 2017371069$319,874$179,08397.92%4.129