Today we’re talking through the data for the month of February for the combined neighborhoods of McFerrin Park, Cleveland Park, and Highland Heights. The median list price has increased 28% over this time last year, and our average sales price is up 19% over the previous year to $572,025.
Our average sales price to list price ratio is at 102%, again indicating that properties are selling over the asking price in most cases. There are currently 24 properties pending and only 6 active properties available for purchase. Our inventory is down over 100% from this same time last year.
If you are interested in talking about the value of your home OR if you know of someone looking to buy, sell or invest in the neighborhood – please reach out!
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.