Goshen Home Sales | August 2017 | Goshen School District
Goshen Homes For Sale
Goshen home sales for August 2017 continues on a solid, consistent pattern as was reported last month. In comparison to other districts, Goshen has one of the lowest days on market at 24 days. The simply means the number of buyers remains higher than the number of available homes they are wanting to buy. This makes it essential for the seller to have an exit plan together prior to going on the market. It is always causes a lot of anxiety to have a buyer who is ready to close make a great offer on the home and for the seller to realize they only have 30 days to figure out where to move!
Goshen also tied with the Milford school district in having the lowest absorption rate. The absorption rate is the way to measure supply and demand. Basically it compares the number of recent sales to the number of homes currently listed to determine how many months of inventory are available. The further that number falls below 5, the stronger of a seller’s market it is. Goshen’s current number is 3.2 with is a mild to moderate seller’s market. Sellers can be confident in getting a good price and buyers, while needing to move quickly on good listings, can be confident of finding the right home and not having to settle for less than they were wanting.
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Goshen 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 29 27 107 $236,750 $155,579 98.53% 3.1 34
February, 2017 25 26 103 $257,606 $158,139 97.39% 2.9 37
March, 2017 20 35 84 $278,678 $152,238 96.11 3.9 31
April, 2017 25 32 75 $264,374 $150,727 96.37% 4.6 32
May, 2017 25 41 75 $252,616 $157,347 96.05% 5.28 31
June, 2017 24 35 78 $261,292 $164,463 96.36% 4.54 29
July, 2017 24 42 80 $283,992 $162,763 96.45% 5.0 28
August, 2017 21 30 95 $226,318 $158,825 97.55% 3.2 24
September, 2017 21 24 100 $232,951 $158,201 98.84% 2.7 22
October, 2017
November, 2017 21 24 126 $310,408 $160,228 98.12% 2.1 18
December, 2017 20 28 118 $232,679 $159,303 97.96% 2.4 19
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