The twenty eight homes that closed in August were even spread across the neighborhoods of McFerrin Park, Cleveland Park and Highland Heights. Wait, read that AGAIN – 28 homes. We have not witnessed that many total closings in a month in all of the time I’ve been reporting to you all (over 4 years!). This is a testament to the increasing desirability of our neighborhood, solid housing stock and historically low interest rates. These numbers were so elevated that we had to check our work – twice!
Our median list price per foot was down slightly to 214 and mirrored the median sales price per foot for the month. The average contract to close days is a quick 28 days. Homes are still selling at very near asking price (sales price to list price checked in at 99%)
There are 56 properties pending in McFerrin Park, Cleveland Park and Highland Heights.
Average sales price for the month of August was $341,975
With talks of a slowing economy AND historically low interest rates, now is a great time to sell or refinance. If you are planning to do either – Please give me a call!
I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!
The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.