South Harrison Township Housing Market Statistics

Welcome to my report about South Harrison's housing market. The research covers the last 6 months of the housing market in South Harrison Township, covering housing activity up to June 9, 2008. The Trend Multiple Listing Service provided the statistical information. After completing some calculations this is what I found:

• 40 Residential units have entered the housing market in South Harrison the past 6 months which are currently for sale;
• 5 Residential units are currently under contract;
• The average days on market for homes currently under contract in South Harrison is 52 days;
• 9 Residential units have sold in South Harrison the last 6 months - This is a rate of 1.5 homes per month;
• The average sales price of homes that have sold in South Harrison the last 6 months was $480,611;
• The average days on market for homes that sold in South Harrison the last 6 months was 107 days;
• ON AVERAGE, SELLERS HAVE ACCEPTED 10.7% LESS THAN THEIR ORIGINAL ASKING PRICE.

In summary, this report shows that sellers in South Harrison are willing to come down on their asking price to get their home sold. Homes for sale that have not found a willing and able buyer are staying on the market for an average of over 3 months. Meanwhile, homes that have sold in South Harrison in the same time period have sold on average in less than 2 months, which is excellent for this current housing market. The rate of homes sold is low, so if you are currently selling a home or thinking of selling a home in South Harrison, a seller needs to have the home competitively priced, some flexibility to come down on asking price, and patience.