As the year winds down, real estate agents tend to expect the market to slow and less activity to take place. While, in general, this is the case, many buyers will write a contract before years end and want to close before December 31. The statistics show that buyers are still ready, willing and very able to purchase homes regardless of the time of year.
Here is a quick look:
Homes for sale Down by over 4%. Buyers have less to choose from than last year at this time.
Under contract Up by 14%. A decent increase for this time of year.
Sold last month Down by a little over 2%. Not a huge drop but worth watching.
Sold in last 12 months Down by 4%. This number has been steady for several months.
Average Sold Price Up by a little under 1% . The average sold price has been stable for several months.
And the Hot Stats: