Single Family Homes:
64 Active Listings
7 Pending Sales
3 Closed Sales in last 7 days
Condos/Town Homes:
60 Active Listings
17 Pending Sales
1 Closed sale in last 7 days
So what does this mean? Not too much. Normally, there wouldn't be too many closed sales at the end of the year because of the holidays. The condo market is still better than the single family home market, with a significantly better ratio of pending to active listings. The inventory of both classes is shrinking, but that is to be expected--most sellers do not put their homes on the market at this time of year, preferring to wait until after the New Year. I will have a better idea of where the market is going a few weeks into January. If the inventory goes up faster than the pending sales, we will see prices decline. If the inventory stays the same and the pending sales rate stays the same, we should have some stability in prices. If the inventory goes down and pending sales stay the same or increase, we could see some appreciation. I am not betting on any of those scenarios over another at this point.
If you are interested in finding the final selling price of any home, anywhere, you can do it on my website. Go to www.marcymoyer.com and click on Cyberhome Home Valuation. You can then type in any address and get county records. It's a very helpful tool.
Please, contact me if you need anything else--I'm always here to help!
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