Market Conditions for 49333 May 2018
Median Sale: $215,000
 (-7.32%)
Homes for Sale: 25
 (108.33%)
Homes Sold: 31
 (72.22%)
Median Sale Price
$215,000

 DOWN -7.32%
vs. Month Ago
Homes for Sale
25

 UP 108.33%
vs. Month Ago
Homes Sold
31

 UP 72.22%
vs. Month Ago
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Median Sale Price

The median sale price for homes in May was $215,000. The median sales price for homes in May fell by ($17,000) compared to last month. This represents a 7.32% decrease from April. Compared to the same month last year, the median price of homes fell by ($3,500) representing a -1.6% 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
$215,000
 
Homes for Sale
25
Homes for Sale

The inventory of homes for sale rose by 13 in May to 25. This represents 108.33% increase from April when 12 homes were on the market. Compared to the same month last year when there were 30 homes for sale, the inventory of homes for sale has fallen by 5 representing a -16.66% 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 31 homes sold in May was 13 more than in April. This represents a 72.22% increase in sales from April. Compared to the same month last year, the number of homes sold increased by 17, a 121.42% 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
31
 
Sale/List Price Ratio

The Sale/List Price Ratio of 98.65% in May fell by 0.17% compared to April and decreased 0% 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
98.65%
 
New Homes
44
New Homes

The number of homes listed in May (44) rose by 27 compared to April, a 158.82% change. Compared to May 2017, the number of new listings increased by 20, a 83.33% 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 May was $228,750. The median list price for homes in May rose by $8,850 compared to last month. This represents a 4.02% increase from April. Compared to the same month last year, the median list price of homes increased $16,425 representing a 7.73% 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
$228,750

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 2018