2017 1st Quarter Real Estate recap

# of Closed Sales: 9

Average Days on Market for Solds: 66

Median Sales Price: $812500

# of news listings: 3

Months of Inventory Last Month: 1

How to describe the first 3 months of real estate in 2017?   

1) Low inventory
2) Increasing sales prices
3) Low days on market
Compared to the 1st quarter of 2016:
Total sales down: (13 in 2016 and 9 in 2017)  …look for sales summaries in upcoming posts
Median price up:  ($642,000 in 2016 and $812,500 in 2017)
Average days on market down: (98 days in 2016 and 66 days in 2017).
What does all this mean?  

If you’re selling in 2017 you should expect to sell for more money in less days!   
So call me if you’d like a complimentary real estate market analysis of your home.
Erik Boye
Your neighbor on Gallatin Place!