“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home Mercer County Year-to-Month Residential Sa...

Mercer County Year-to-Month Residential Sales Statistics - Through May 2008

When looking at the year-to-month actual statistics (using the most recently completed month of May vs. April vs. March vs. January) for Mercer County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:

Yr Ending

Units Listed

Units Sold

 % Sold

Sold Avg.

Avg.
 Dom
05/2008 7467 3451 46 $366,879  83
04/2007 7776 3559 46 $362,752 82
03/2008 7853 3643 46 $363,213 82

01/2008

8131

3903

 48

$359,802

82

This shows that while the trend is now mixed, it appears that it is attempting to level and hopefully even begin to reverse direction.

The current inventory is 2685, with an average monthly Sold of 265, yielding a backlog of 10 months to sell off the inventory at current rates of sale.

 



Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

Posted Thursday Jun 05