It’s MAY y’all and the real estate market is booming!
We had a total of 39 Closings for the month of April – representing a significant increase from the previous month (March had just 17 closings comparatively). Our median list price per foot and median sales price per clocked in at 263/ft.
Median days on market was 3, and median contract to close days checked in at 29, and there are currently 57 pending properties in the area.
Our average sales price for the combined neighborhoods of Mcferrin Park, Cleveland Park, and Highland Heights was $451,410.
If you are thinking of selling, homes are selling with record sales so there are no cons in getting a free home estimate to see what your home may be worth. Let me know if you’d like me to check your home’s value. Again, the median days on market is a whopping 3!
If you’re considering buying, I would encourage you to look at these historically low mortgage rates, you could have even more buying power than you thought. Let me know if you’d like to be connected to a lender to see what you can qualify for!
See you next month for real estate market statistics for Cleveland Park, McFerrin Park, and Highland Heights!
I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!
The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.