|MEDIAN SOLD PRICE||$175,000|
|AVERAGE SOLD PRICE||$207,722|
|MEDIAN % ORIGINAL LIST PRICE||96.2 %|
|MEDIAN TIME TO CONTRACT||55 days|
|MEDIAN TIME TO SALE||102 days|
|NEW PENDING SALES||719|
|MONTHS SUPPLY OF INVENTORY||3.7 months|
We are in a sellers market. For a balanced market you have to have 5.5 months of inventory. We now have only 3.7 months down from 5.0 in January 2019. Since January 2019 the median home price has gone from $159,000 to $175,000 a 9.4% increase. We are not seeing a lot of multiple offers but it’s getting common to make appointments to see 10 houses and to find 2 have offers but the agent hasn’t had time to mark them pending on the MLS yet. There is still a pretty good selection of homes for sale in the 55+ communities I work in.