Market Conditions for Gaylord

September 2018

Median Sale Price

$150,950

UP UP 8.59% vs. Month Ago

Homes For Sale

173

DOWN DOWN -0.57% vs. Month Ago

Homes Sold

50

DOWN DOWN -15.25% vs. Month Ago

Average Days On Market

64

DOWN DOWN -16.88% vs. Month Ago

Median Sale Price

$150,950

The median sale price for homes in September was $150,950. The median sales price for homes in September rose by $11,950 compared to last month. This represents a 8.59% increase from August. Compared to the same month last year, the median price of homes rose by $150,950 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

173

The inventory of homes for sale fell by 1 in September to 173. This represents 0.57% decrease from August when 174 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 risen by 164 representing a 1,822.22% 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

50

The 50 homes sold in September was 9 less than in August. This represents a 15.25% decrease in sales from August. Compared to the same month last year, the number of homes sold increased by 50, 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

64

The average days on market for a home sold in September (64) decreased by 13 days compared to August. This represents a 16.88% decrease 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 64, 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.

Sale/List Price Ratio

94.72%

The Sale/List Price Ratio of 94.72% in September rose by 0.68% compared to August and increased % 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.

New Homes

50

The number of homes listed in September (50) fell by 15 compared to August, a 23.07% change. Compared to September 2017, the number of new listings increased by 50, a % 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

$167,000

The median list price in September was $167,000. The median list price for homes in September rose by $12,000 compared to last month. This represents a 7.74% increase from August. Compared to the same month last year, the median list price of homes increased $167,000 representing a % 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.