The median sale price for homes in September was $402,500. The median sales price for homes in September rose by $140,000 compared to last month. This represents a 53.33% increase from August. Compared to the same month last year, the median price of homes rose by $122,600 representing a 43.8% year-over-year change.
The inventory of homes for sale fell by 6 in September to 18. This represents 25% decrease from August when 24 homes were on the market. Compared to the same month last year when there were 60 homes for sale, the inventory of homes for sale has fallen by 42 representing a -70% 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.
The 2 homes sold in September was 10 less than in August. This represents a 83.33% decrease in sales from August. Compared to the same month last year, the number of homes sold decreased by 15, a -88.23% year-over-year decrease.
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.
The average days on market for a home sold in September (61) increased by 8 days compared to August. This represents a 15.09% 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 15, a 32.6% 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.
The Sale/List Price Ratio of 83.35% in September fell by 13.31% compared to August and decreased 12.89% 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.
The number of homes listed in September (4) fell by 7 compared to August, a 63.63% change. Compared to September 2018, the number of new listings decreased by 15, a -78.94% 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.
The median list price in September was $196,900. The median list price for homes in September fell by ($128,000) compared to last month. This represents a 39.39% decrease from August. Compared to the same month last year, the median list price of homes decreased ($18,100) representing a -8.41% year-over-year decrease.