Market Trends

I had to impose some limitation so that our data was local and  more meaningful, therefore, the geographic area for Market Trends is the Beaver Dam School  District. This newsletter’s market data comes from September of 2011.  Also, we are only looking at single-family homes, so remember condos, multi-family, vacant land, and commercial properties are excluded.

There are currently 190 homes on the market (down from 198 in August).  The average list price is $161,000, and the homes have been on the market an average of 169 days.  Of the 190 homes, 64 are under $100,000 and 52 are over $200,000.  Within these market segments, the days on market change as I would expect: for homes under $100,000 (157 DOM), between $100,000-$200,000 (142 DOM), and over $200,000 (237 DOM).

Last month, 15 homes were sold. The average price of homes sold was $116,500.  The average price homes were listed at was $125,000, which means that sellers were getting around 93% of their asking price.  These homes stayed on market an average of 149 days.  Of the 15 homes sold, 8 were under $100,000 and 2 were over $200,000.