Market Conditions for 49419

September 2018

Median Sale Price

$225,000

DOWN DOWN -7.95% vs. Month Ago

Homes For Sale

17

UP UP 54.54% vs. Month Ago

Homes Sold

13

UP UP 30.00% vs. Month Ago

Median Sale Price

$225,000

The median sale price for homes in September was $225,000. The median sales price for homes in September fell by ($19,450) compared to last month. This represents a 7.95% decrease from August. Compared to the same month last year, the median price of homes rose by $15,000 representing a 7.14% 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

17

The inventory of homes for sale rose by 6 in September to 17. This represents 54.54% increase from August when 11 homes were on the market.Compared to the same month last year when there were 16 homes for sale, the inventory of homes for sale has fallen by risen by 1 representing a 6.25% 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

13

The 13 homes sold in September was 3 more than in August. This represents a 30% increase in sales from August. Compared to the same month last year, the number of homes sold increased by 4, a 44.44% 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.

Sale/List Price Ratio

97.04%

The Sale/List Price Ratio of 97.04% in September fell by 2.52% compared to August and decreased 1.82% 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

14

The number of homes listed in September (14) remained level Compared to September 2017, the number of new listings increased by 4, a 40% 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

$248,900

The median list price in September was $248,900. The median list price for homes in September rose by $23,950 compared to last month. This represents a 10.64% increase from August. Compared to the same month last year, the median list price of homes increased $39,000 representing a 18.58% 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.