New Richmond Home Sales | September 2017 | New Richmond School District
New Richmond Homes For Sale
New Richmond Home Sales for the month of September continues at a good pace. Overall, there is a rather steady trend which shows good stability. When buyers are looking at homes, to see a steady market helps give confidence that purchasing involves less risk.
The absorption rate continues to show a balanced market. The absorption rate measures the number of sales per month versus the existing inventory. Too strong of a buyer’s market and prices fall while too strong of a sellers market causes unhealthy spikes in prices.
Both the total number of sales and the average sale price are up since last month’s report. At $258,541, the average sale price is at its highest of the calendar year. Combined with 107 total sales for the last six months, shows a healthy market.
See all the current statistics in the graph below.
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New Richmond 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 59 27 84 $340,509 $209,659 96.27% 6.2 65
March, 2017 76 21 86 $306,173 $223,515 96.35 6.78 63
April, 2017 71 26 80 $310,809 $229,393 96.75% 7.3 54
May, 2017 69 28 91 $349,450 $234,156 96.8% 6.38 53
June, 2017 62 31 96 $344,182 $221,729 97.17% 5.81 49
July, 2017 71 31 94 $326,465 $237,712 97.25% 6.5 50
August, 2017 69 31 100 $352,866 $250,180 97.16% 6.0 45
September, 2017 68 23 107 $320,539 $258,541 96.73% 5.1 50
October, 2017
November, 2017 62 16 102 $314,099 $246,932 96.15% 4.6 50
December, 2017 50 16 94 $318,926 $241,494 95.56% 4.2 51
