Market Overview

  • The total number of existing local homes, condos and townhomes SOLD during September was 3,005 units
  • The SFR MEDIAN sales price was UP 1.7% from last month to $300,000 & Up 13.2%  ($265,000) from September of 2017.
  • The CONDO/TOWNHOME MEDIAN  is $170,000 Up 21.4%  from September of 2017.
  • Available SFR inventory sits at more than 2 months supply at 6,148 homes listed for sale w/o offers… This is UP 24%  from September 2017
  • This is the first time the median home price has hit $300,000 since June of 2007 when the median was $305,000
  • The SFR AVERAGE closing price also decreased to $342,081 for an 2.1% Decrease from last month… Up 10.7% from September 2017
  • 86.6% of the SFR home sales in September went PENDING in under 60 days
  • GLVAR reported that 24.8% of all local properties sold in June were purchased with Cash. That compares to 25.7% one year ago.  GLVAR reported that short sales and foreclosures combined accounted for 2.5% of all existing local home sales in September, down from 5.2% of all sales one year ago

September 2018 GLVAR Housing Stats PDF

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