Market Conditions for 49014 October 2017
Median Sale: $136,750
 (-18.84%)
Homes for Sale: 65
 (-1.51%)
Homes Sold: 28
 (47.36%)
Median Sale Price
$136,750

 DOWN -18.84%
vs. Month Ago
Homes for Sale
65

 DOWN -1.51%
vs. Month Ago
Homes Sold
28

 UP 47.36%
vs. Month Ago
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Median Sale Price

The median sale price for homes in October was $136,750. The median sales price for homes in October fell by ($31,750) compared to last month. This represents a 18.84% decrease from September. Compared to the same month last year, the median price of homes rose by $5,750 representing a 4.38% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Median Sale Price
$136,750
 
Homes for Sale
65
Homes for Sale

The inventory of homes for sale fell by 1 in October to 65. This represents 1.51% decrease from September when 66 homes were on the market. Compared to the same month last year when there were 68 homes for sale, the inventory of homes for sale has fallen by 3 representing a -4.41% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

 
Homes Sold

The 28 homes sold in October was 9 more than in September. This represents a 47.36% increase in sales from September. Compared to the same month last year, the number of homes sold increased by 15, a 115.38% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Homes Sold
28
 
Sale/List Price Ratio

The Sale/List Price Ratio of 90.59% in October fell by 5.42% compared to September and decreased 10.55% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

List/Sale Price Ratio
90.59%
 
New Homes
25
New Homes

The number of homes listed in October (25) rose by 1 compared to September, a 4.16% change. Compared to October 2016, the number of new listings increased by 13, a 108.33% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

 
Median List Price

The median list price in October was $110,000. The median list price for homes in October rose by $2,300 compared to last month. This represents a 2.13% increase from September. Compared to the same month last year, the median list price of homes increased $50 representing a 0.04% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.

Median List Price
$110,000

IMPORTANT! PLEASE READ CAREFULLY
THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Sold listing data is not available from all Multiple Listing Services.

Provided by Real Estate One, Johnstone & Johnstone, and Max Broock Realtors. Copyright 2017