Market Conditions for Cadillac

March 2018

Median Sale Price

$116,000

DOWN DOWN -18.59% vs. Month Ago

Homes For Sale

5

DOWN DOWN -16.66% vs. Month Ago

Homes Sold

1

DOWN DOWN -66.66% vs. Month Ago

Average Days On Market

103

UP UP 28.75% vs. Month Ago

Median Sale Price

$116,000

The median sale price for homes in March was $116,000. The median sales price for homes in March fell by ($26,500) compared to last month. This represents a 18.59% decrease from January. Compared to the same month last year, the median price of homes rose by $116,000 representing a % 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.

Homes for Sale

5

The inventory of homes for sale fell by 1 in March to 5. This represents 16.66% decrease from January when 6 homes were on the market.Compared to the same month last year when there were 9 homes for sale, the inventory of homes for sale has fallen by fallen by 4 representing a -44.44% 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

1

The 1 homes sold in March was 2 less than in January. This represents a 66.66% decrease in sales from January. Compared to the same month last year, the number of homes sold increased by 1, a % 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.

Average Days on Market

103

The average days on market for a home sold in March (103) increased by 23 days compared to January. This represents a 28.75% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold increased by 103, a % year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

New Homes

2

The number of homes listed in March (2) fell by 1 compared to January, a 33.33% change. Compared to March 2017, the number of new listings remained level

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

$149,700

The median list price in March was $149,700. The median list price for homes in March fell by ($300) compared to last month. This represents a 0.2% decrease from January. Compared to the same month last year, the median list price of homes decreased ($31,700) representing a -17.47% year-over-year decrease.

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.