|MEDIAN SOLD PRICE||$139,000|
|AVERAGE SOLD PRICE||$161,609|
|MEDIAN % ORIGINAL LIST PRICE||95.5 %|
|MEDIAN TIME TO CONTRACT||48 days|
|MEDIAN TIME TO SALE||98 days|
|NEW PENDING SALES||470|
|MONTHS SUPPLY OF INVENTORY||5.2 months|
As I have said before our market is changing. The buyers market and the days of sellers considering low ball offers is long gone. Comparing even December 2015 to December 2016 you can see the trend in sales. 3417 active listing 2015 and 2744 in 2016. The percent of list price to sale price 92.9 % vs 95.5%. I work mostly in 55+ communities. A few years ago there was a great selection of homes under $100K. It is getting hard to find 55+ home under $100K in decent condition. A 55+ home I sold in 2012 for $59K just sold in the fall for $85K. There are still some good deals out there in retirement homes. There is a nice selection of 2005+ very move in ready homes in the $160K to $250K range for example. I think this is the sweet spot in our 55+ market right now.