May 2028 Market Stats

Along with the temperature, the real estate market heated up for our neighborhoods in May!   Twenty-Five total properties closed in the last month in comparison to only Twelve for month of April.  While this is a significant increase in closed properties, it was expected for the season.  Contributing to this upswing, we saw a bit of new construction inventory finally hit the market and close during this past month. The median list price and sales price per square foot were $199 and $201 respectively still holding strong. The median contract to close days is a quick 29 days and properties are selling at 98.66% of the listing price - indicating a strong sellers market for our neighborhoods. 

The average sales price was up significantly to $317,300 for the month of May. 

If you know someone who is looking to move into the neighborhood there are 54 available properties at the time of this post in the combined neighborhoods of McFerrin Park, Cleveland Park and Highland Heights and the current upswing continues, June should be a fantastic month for real estate in our neighborhoods.

If you know of anyone looking to make a move into our neighborhoods, please send them my way.  I have an inventory of several homes that are not yet listed on the MLS that I would be happy to share!

 

What is your home worth?  Find out by clicking here



25

Total Properties Sold

$199

Median List Price Per Square Foot

$201

Median Sales Price Per Square Foot

10

Median days on Market

    

Nick Irwin is a Realtor and long time resident of the McFerrin Park community. If you see him or Bruno out walking - be sure to say hello!

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