September 2012 Market Report
Just released is our YTD September 2012 Market Report for Carroll County and it can be viewed here: September 2012 Stats.
Residential sales are still looking good. Unit sales are up 17% for the third month in a row which means we’re using up the inventory, as new listings are only up 1%. The median sale price is down a minimal amount, yet if you do the math you’ll see that the average sale price is up from this time last year, $284,818 this year compared to $275,079 last year. A positive three months in a row, whew!
FINALLY we have good news to report in the condo market! The number of condo sales are up 16% from this time last year. And new listings are only up 2%, which means that we are also using up some of the excess condo inventory. Sales volume, median and average sale price are down compared to last year, but the spike in sales is great news. At least they are moving! Days on market is also down again — 154 days on market compared to 179 last year at this time. Looking at September 2011, there were only 8 sales last year, and this September we have almost doubled that, at 15 sales.
We are so pleased to be able to give some good news. National headlines predict a real estate boom in 2015, and we should be close behind that. For now it is important to stay competitive to get your listing in front of as many qualified buyers as possible. If you’d like a Price Analysis on your property, just contact us or click here for an online request.