October Real Estate Statistics

Written By: Miller and Associates Realty On: 19th November 2012 Under: Buyers, Economy, Market Updates

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As we enter the holiday season, a time during which the real estate market traditionally slows for a couple of months, it is time once again to take a look at where our industry stands compared to this time last year.  As a whole we are better off, despite a few grey clouds and issues related to the state of the economy in general.  The average property is listed for nearly $40,000.00 more, and total sales volume has increased by eight million dollars, but the average sale price has fallen by around thirteen thousand.  There are more properties listed, which isn’t necessarily good, but the average property is on the market for 40 fewer days and the number of those properties that are under contract has increased by a massive 150%!  Basically, though individuals are getting slightly less for their homes, it is offset, in my opinion, by the fact that they can actually sell them at all, and so much quicker to boot.  We’re far from another “golden age”, and we may never see those days again, but overall I can say that we have a lot to be thankful for, relative to only a short time ago.

Happy Holidays!