October 2017 Market Update
Single-Family Properties Market Overview
1,692 New Listings, a +5.8% increase over last year.
986 Pending Sales, a -23.0% drop from last year.
1,466 Closed Sales, a +9.2% increase over last year.
Days on Market dropped significantly in October to 57 days, a -20.8% drop from last year.
The Median Sales Price was $159,000, a +1.0% increase. YTD in 2017, the Median Sales Price is up +5.2%.
The Average Sales Price was $185,378, a +0.3% increase. YTD in 2017, the Average Sales Price is up +4.0%.
Inventory of Homes for Sale took another hit in October, down -15.3% from last year, as did Months Supply of Inventory, which dropped -20.4% from the same time last year.
These market stats indicate that NOW is a GREAT time to put your home on the market. Days on Market is down which means homes are selling quickly. Our inventory is very low which indicates less competition. There are more buyers with fewer properties for them to choose from. It's a strong seller's market!
Market Overview Charts for All Properties
Have you considered selling your home in the Triad?
Contact us today. It's 100% true that NOW IS THE TIME to sell your home.
We'd love to show you how our highly targeted and strategic marketing plan has paid huge dividends for all our clients in the Triad.
Are you in the market to buyer a home in the Triad?
Let us know EXACTLY what you're looking for and we can plug in your exact criteria into our "Client Portal" , which is a free service provided by our Multiple Listing Service. The Portal is dynamic, so you are always viewing live, up-to-the minute data. You'll be notified immediately when anything comes to the market that matches your criteria.
It's still a competitive market for buyers and hunting on sites with inaccurate information (like Zillow and Trulia) does you no good. Tell us what your needs are and we'll set everything up so you get new listings and price reductions delivered straight to your inbox!