Quarterly Market Report
Original Price vs Sold Price
In November 2013 the orginal price caught up to the sold price. By February of 2014, however, the sales prices were approx $25,000 lower than the original price.
DOM Median vs Average
The number of days it takes to sell a home in today's market has almost doubled since October 2013.
Historic Count of Active Listings
The number of active listings dropped significantly from October 2013 to January 2014.
Historic Count of Sales by Month
On average, the number of home sales from January to February is fairly consistant except for 2014 where the number of homes sales decreased significantly.
Historic Sales Price Trend
From January 2006 until January 2009 we saw a steady decrease in the sales price of homes on average. Beginning in January 2009, however, sales prices began to increase again.
Historic Sales x Price Range
So far this year the number of sold homes priced under $300,000 was quite a bit lower then the homes sold in the same price range in 2013. The number of homes sold above $300,000 has remained about the same.
Months of Inventory
Inventory in 2013 was down compared to previous years but was back up to about 5.5 months by January of 2014.
Sale Price/List Price Ratio
Back in July of 2013 home sellers were getting 100% of asking price on average. By January of 2014, however, sellers were receiving approx. 98% of their asking price.