It is time for the final real estate review of 2016! The December numbers are finally in, so lets take a look.
At the time of this writing, there were 40 properties active in the combined neighborhoods of McFerrin Park, Cleveland Park and Highland Heights. During the month of December, 15 properties closed – down slightly from 17 last month. I think this is due to the slight Interest rate rise last month; and it is historically a slower month for real estate sales.
Our neighborhood days on market checked in at 92 days. This number represents the entire time a property is listed on the multiple listing service ( MLS). This number was up from 47 in November but down from our October reading of 104.
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.