Real Estate At A Glance: Single-family home sales | SummitDaily.com
YOUR AD HERE »

Real Estate At A Glance: Single-family home sales

Chuck Leathers
Special to the Daily

Although the average home price this February looks anemic next to February 2012, that month was one of the best in our history for sales of homes for over $1 million. The number of homes sold this year is on track to smash the 10-year average, however, so the short supply of inventory will influence prices for the rest of the year. Prices will look a lot better by the fourth quarter.

The inventory still has yet to break 1,600 properties for sale this year. If we sell the projected 1,700 properties this year, there is under a year’s supply.

53 … single-family homes sold through February

46 … 10-year average number of homes sold through February

25 … number of homes sold through February 2009

Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or email him at ChuckLeathers@Realtor.com.


Support Local Journalism

Support Local Journalism

As a Summit Daily News reader, you make our work possible.

Now more than ever, your financial support is critical to help us keep our communities informed about the evolving coronavirus pandemic and the impact it is having on our residents and businesses. Every contribution, no matter the size, will make a difference.

Your donation will be used exclusively to support quality, local journalism.

For tax deductible donations, click here.
 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User