The weekend caught up with the bulls! There were 241 new listings Wednesday and 100 sales, for a sell/list of 41.49%. Of the sales 11, or 11%, went over list.
Average list price of the sales was $532,688: average sales price was $524,751, a difference of $7,937, meaning the average sale went for 1.75% under list price. Average days on market to sale was 34.
There were 82 price changes, of which 5, or 6.10%, were increases. The average original list price of price changes was $522,363; the average new price was $505,929, a difference of $16,434, meaning the average price change was -2.59%.
Inventory in my target area hit 11,266, while over 90s rose, reaching 2,346, a percentage of 20.82%.
0.68% of all active listings in my target area had their prices reduced Wednesday. The 14 day rolling sell/list was 91.43%.