Clermont Northeastern Home Sales Update | April 2017 | CNE School District
CNE Homes For Sale
This month’s Clermont Northeastern Home Sales Update is a bit of a mixed bag. On the good side, the number of homes under contract has gone up which should mean next month’s sales should show an increase as well. Also, the 
days on market is doing very well at only 50 days! Remember when home sellers could only hope and pray that a home would sell in less than 100 days? It wasn’t that long ago!
Of big concern is the absorption rate which indicates whether we are in a seller’s or buyer’s market. This last month that number jumped to 7.6. That is becoming a rather strong buyer’s market. I am anticipating that this will drop to a lower number next month with the higher number of homes currently under contract. What is of importance to watch is not only this number but also the days on market and the ratio between the sale price and asking price over the next couple of months.
CNE 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 38 11 69 $342,995 $155,166 97.55% 4.3 38
February, 2017 33 14 65 $380,677 $165,560 96.94% 4.1 45
March, 2017 32 18 54 $359,094 $155,743 96.87% 5.55 47
April, 2017 35 26 49 $336,535 $158,682 96.96% 7.6 50
May, 2017 28 30 57 $377,786 $161,793 97.11% 6.1 41
June, 2017 27 26 59 $387,817 $163,681 96.96% 5.41 40
July, 2017 29 23 66 $394,966 $172,133 96.59% 4.7 37
August, 2017 31 23 68 $380,306 $169,494 96.90% 4.8 32
September, 2017 32 20 76 $368,125 $172,446 97.94% 4.1 31
October, 2017
November, 2017 35 9 80 $321,551 $185,537 98.15% 3.3 28
December, 2017 37 10 69 $319,874 $179,083 97.92% 4.1 29
