Southboro Market statistics
2007 vs 2008
|
Single family activity |
Sold volume |
Avg sold price |
Median sold price |
Days on mkt
|
|
2008 |
66 |
594,000 |
492,000 |
141 |
|
2007 |
88 |
591,000 |
527,000 |
158 |
|
Trend |
Dn 25% |
flat |
Dn 7% |
Dn 11% |
While the number of homes sold was down dramatically, the average sales price held steady. The median price was down by 7% showing a slight leaning to the lower price ranges. The average days on market has improved by 13 days, which tells me sellers are more realistic about the original asking price and therefore the homes are selling faster.
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