Here’s the latest. Inventory is just starting to improve, but so are the sales, so we’re not seeing much of a net increase – yet. There are still a lot of expired listings, too. Hopefully they will be back on the market in the next month or so.
Year to date we’ve seen 268 units sold at an average price of $208,060, or $117 per square foot. This is a pretty typical number for Howell, but remember that new construction, lakefront homes and homes on large acreage will fall well outside this value.
Homes are still selling reasonably fast, 73 days on average since the 1st of the year.
What’s it all mean?
Buyers still have to move quickly when they find a property they like. I had multiple offers on a really low end property last week and the purchaser that prevailed moved quickly compared to the other interested parties.
Sellers, you still have a strategic advantage to list now instead of waiting for a month or two. Take advantage of the lower competition and the buyer demand that is there now. Interested about your home’s value? http://bit.ly/HowellHomeValue