It is time for the final real estate review of 2016! The December numbers are finally in, so lets take a look.
At the time of this writing, there were 40 properties active in the combined neighborhoods of McFerrin Park, Cleveland Park and Highland Heights. During the month of December, 15 properties closed - down slightly from 17 last month. I think this is due to the slight Interest rate rise last month; and it is historically a slower month for real estate sales.
Our neighborhood days on market checked in at 92 days. This number represents the entire time a property is listed on the multiple listing service ( MLS). This number was up from 47 in November but down from our October reading of 104.
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