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What kind of financing is used for the purchase of single family homes in the
Is "all-cash" an important factor? Are most new loans conventional or FHA? How about federal VA? Do all other financing mechanisms (owner financing, lease-options, etc.) account for many sales?
Here is how the sales for single family homes in this RMLS market area break out for calendar year 2011 - by type of purchase made:

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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN NORTHERN LANE COUNTY'S
MOHAWK VALLEY
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
Sales in the Mohawk Valley remain slim.
For the second time in three years only one home sold during December - same as in November -
much fewer than during the boom and even fewer than during the bust.
The supply of available homes shot up.
Average price is wildly lower based on that one sale being toward the low end.
Here, for the
MARCOLA / MOHAWK VALLEY
RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of DECEMBER
2001 - 2011:

And a decade of Average Prices for Closed Sales
for the
Months of DECEMBER
2001 - 2011:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.
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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN NORTHERN LANE COUNTY'S
MOHAWK VALLEY
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
Sales in the Mohawk Valley remain slim.
For the second year in a row only one home sold during November -
much fewer than during the boom and even fewer than during the bust.
Average price is wildly lower based on that one sale being toward the low end.
Here, for the
MARCOLA / MOHAWK VALLEY
RMLS Market Area, are:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of NOVEMBER
2001 - 2011:

And a decade of Average Prices for Closed Sales
for the
Months of NOVEMBER
2001 - 2011:

These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.
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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN LANE COUNTY, OR
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
So for the
MOHAWK VALLEY
RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of APRIL
2001 - 2011:

And a decade of Average Prices for Closed Sales
for the
Months of APRIL
2001 - 2011:

NOTE: Average price always fluctuates greatly over a small number of sales.
These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.
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THE MOST MEANINGFUL LOOK AT DATA FOR HOMES FOR SALE IN LANE COUNTY, OR
IS TO COMPARE
THE CURRENT MONTH WITH THE SAME MONTH IN PRIOR YEARS
So for the
MOHAWK VALLEY
RMLS Market Area, HERE ARE:
A decade's worth of supply (Active Listings) and demand (Closed Sales)
for the
Months of MARCH
2001 - 2011:

And a decade of Average Prices for Closed Sales
for the
Months of MARCH
2001 - 2011:

NOTE: Average price always fluctuates greatly over a small number of sales.
These average sales prices represent the arithmetic mean for those residential closed sales in this RMLS market area. The mix of homes sold varies over time. The average price for some months is drastically affected by an unusual number of homes selling at the TOP or BOTTOM of the range of prices. A history of the variation in the statistical median would make for a better comparison but is unavailable from RMLS.
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