SUPPLY OF HOMES ON THE MARKET

July 2017 and July 2018

The inventory of homes for sale at the end of the most recent month, based on one month of activity, divided by the average monthly pending sales.  These numbers reflect an average length of time a home was on the market before selling.    

                                                                                      

Price Range

July 2017

July 2018

Change

$1,000-$100,000

3.9 Months

3.3 Months

-15.4%

$100,000-$150,000

3.4 Months

2.7 Months

-20.6%

$150,000-$200,000

3.3 Months

2.5 Months

-26.5%

$200,000-$250,000

4.7 Months

3.3 Months

-29.8%

$250,000-$300,000

4.3 Months

4.3 Months

0%

$300,000-$350,000

6.9 Months

3.2 Months

-53.6%

$350,000-$400,000

8.9 Months

4.6 Months

-48.3%

$400,000-$450,000

11.0 Months

5.0 Months

-54.5%

$450,000-$500,000

7.9 Months

6.1 Months

-22.8%

All Price Ranges

 

4.6 Months

3.4 Months

-26.1%

 

If you ever wanted to sell, now would be an excellent time, we would be thrilled to help you discover the value of your home today! 

The Solus Real Estate Group is here to serve in all of your Real Estate needs.

 

 
   

Harlan TenNapel-harlan@solusrealestategroup.com

Mark Youngberg- mark@solusrealestategroup.com

605-336-9600