We’re getting closer to the end of 2018. Here’s what you need to know about the current state of our real estate market.
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We’re here today with your November 2018 market update. In October, we saw 49% of single-family homes sell with an average sale price of $439,096. That’s consistent with what we saw last month, but it’s down 18% over last year.
This means the market remains strong for homebuyers as we head into the fourth quarter of the year and it’s a fantastic time to make a move. If you’re looking to get into your home before the holiday season begins, there are still a lot of great single-family homes, condos, and rural properties on and off the MLS.
Duplex and row housing saw 39% of their properties sold in October with an average sale price of $345,800. This is down 13% over last month and down 32% from October 2017.
For sellers, the market is still set up for a successful fall sale. In November, we often see buyers purchasing properties just to make sure they’re settled in before the holiday season.
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Pricing your property correctly can make all the difference.
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As we mentioned in our last market update video, pricing your property correctly can make all the difference. It often leads to a high volume of showings and a quick sale.
In the condo market, we witnessed 43% of listed units sell in October for an average of $218,394. This is an increase of 3% from last month and down just 1% from this time last year.
If you have any questions regarding the market or you’re looking to start the buying or selling process, don’t hesitate to give us a call or send us an email today. We look forward to hearing from you soon.
