Thursday, April 28, 2016

Current Market Conditions

​More listings have sold in the first 3 months of 2016 than during the same period in 2015.  Not only that, these homes sold on average 34 days faster this year.  Now consider the fact that so far in 2016 there were 16 fewer new listings than during the same 3-month period in 2015.

Here is a look at the numbers..
  • the sell to list ratio is up from 95.53% to 97.99%,
  • the average days on market is down from 172 to 138
  • the total sales is up from $6,824,250 to $8,826,900
  • and the number of new listings is down from 41 to 25!

Source: KREB Area Detailed Summary March 2016 year over year Nelson Residential Sales Stats 

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