August Old Town Market Update

    Old Town Market Update: Current Inventory

    This summer Old Town has seen more standing inventory than in the years past.

    There are currently 67 single family homes on the market, and year to date since March, 2018 there have been 82 sales. This time last year, there were 84 sales. Though the amount of sales is similar, the volume of homes actively for sale is much higher than last year. The average days on the market last year was 50 days and this year the average days on market is at 84 days.

    Here is the inventory breakdown based on price point:

    $100,000 – $199,000 = 1 active property

    $200,000 – $299,000 = 2 active properties

    $300,000 – $399,000 = 7 total properties (3 active properties / 4 under contract properties, average days to offer for those under contract: 16 days)

    $400,000 – $499,000 = 13 total properties / 7 active properties  / 6 under contract properties, average days to offer for those under contract: 23 days

    $500,000 – $599,000 = 5 total properties / 3 active properties / 2 under contract properties, average days to offer for those under contract: 39 days

    $600,000 – $699,000 =  6 total properties / 4 active properties / 2 under contract properties, average days to offer for those under contract: 7 days

    $700,000 – $799,000 = 8 total properties / 7 active properties / 1 under contract properties, average days to offer for those under contract: 13 days

    $800,000 – $899,000 = 7 total properties / 6 active properties / 1 under contract properties, average days to offer for those under contract: 12 days

    $900,000 – $999,000 = 4 active properties

    $1,000,000 – $1,099,000 = 1 active property

    $1,100,000 – $1,199,000 = 2 active properties

    $1,200,000-  $1,299,000 = 0 properties

    $1,300,000 – $1,399,000 = 2 active properties

    $1,450,000 = 1 active property

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