September Market Update

Homes and land sales continue to be higher than the same time last year, especially homes. In 2013 280 properties sold compared to 313 this year and we attribute that to two things – great mortgage rates and price adjustments. In 2013, a look at homes listed year to date show a median price of $314,500. During the same time this year, the median price range had dropped to $279,000. (Note: any average or median price range can vary significantly due to very high end properties in our market) The greatest number of homes sales continue to fall where they have the last several years and that is under the $350,000 price range. Land sales are also slightly ahead of last year and prices continue to adjust. As we go into the fall months, if you are considering buying land, this is a good time of year to do it. The temperatures will be cooler and as the leaves start falling, it’s much easier to see the land and surrounding properties.

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