West Clermont Home Sales |Year Of 2017 | West Clermont School District
West Clermont Homes For Sale
2017 was a blockbuster year for home sales in the West Clermont School District. The best thing is it wasn’t a roller coaster, but a constant building throughout the year.
Three of the measures of the year tell the tale. The average sale price, the absorption rate and the days on market.
The average sale price at the beginning of the year started at $162,810 and continued to increase through the year, ending about $12,000 higher at $175,000. During the later part of the year it climbed as high as $182,272. This represents a bit more than a 7% increase for the year.
The absorption rate also reflected changes through the year. The first of the year averaged about 3.3. That dropped to 2.2 in December. This is a strong indicator that the demand for homes by buyers out strips the availability of homes.
The third key measure for the year was Days On Market. The first 5 months of 2017, it took the average home a little over 40 days to find a buyer. That dropped to 26 days in December.
When tied together, the three statistics reveal a trend that is likely to continue. Demand for housing in the school district remains high while those who are wanting to sell remains low in contrast. Good interest rates continue to contribute.
Check out all the statistics in the graph below.
To see how the school districts in Clermont have done, Click Here.
Bottom line, if your home failed to sell, CALL US! We specialize in selling homes other agents couldn’t sell! Call or text 513-201-7890 or Click Here! You can also use the simple EZ Form below!
West Clermont 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 Price
> 6 = Buyer's Market
< 5 = Seller's Market