Somerset Market Report September 2008

Currently there are 101 single family homes on the market in the Town of Somerset.

There were 12 single family homes sold during the month of September. With an average sales price of $250,725 and the average days on the market at 116.

Compared to last September with 11 homes sold during the month. However, the average sales price was up at $324,232 and the average days on the market at 121.

Where are we at year to date compared to 1 year ago...

Well last year at this time 125 single family homes sold with an average sales price of $286,539. Year to date, 78 single family homes with an average sales price of $258,370 have sold.

Keep in mind this information is for single family homes.

For those considering selling, as you can see sales prices are down approximately 10%. Inventory is higher than it was a year ago, and their are less units selling than in the previous year.

There are many things to consider when deciding to sell your home. Find out what you need to know when selling in this market. Contact me for a no obligation market analysis!

Take care,