School is back in session, and this real estate market is one for the books! The interest rates have adjusted, and the housing market has responded – turning our red hot seller’s market into a more balanced field for both buyers and sellers.
Last month, our combined neighborhoods of McFerrin Park, Cleveland Park, and Highland Heights saw a total of 17 properties close with an average sales price of $542,291.
Though fewer properties closed than last month, our median list price per foot and median sales price per foot have increased to $379 per sqft.
Properties are still selling quickly, with an average of 2 days on the market and 32 days between contract and closing.
There are currently 21 active properties in our combined neighborhoods and 33 pending properties.
If you are looking to buy in our neighborhood – I have not seen market conditions this favorable in a while (seller concessions, full inspections, etc.).
If you are looking to sell – the demand for our neighborhood is still great, but pricing accurately is more important than ever. HIRE A PROFESSIONAL – I’d love for that to be me, so reach out below!
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.