It is finally time for the November 2020 market stats update! This month we had 20 properties close in the combined neighborhoods of Cleveland Park, McFerrin Park and Highland Heights. The median list price per square foot was $218 with the median sales price per foot at $217. Both of those numbers are about $10 a foot less than the October numbers .
The median contract close days is 34 days.
The average sales price list price ratio is 98.87% meaning that homes are selling at very near to the listing or asking price. There are currently 22 active properties in our neighborhood; a decrease in inventory from last month when there were 29 homes available for sale.
The average sales price in the neighborhood is $395,265 representing an increase over last month.
In summary, the inventory of available homes is down 10% over the same time last year,
Current pending properties are up 46% year to date over last year and the average sales price is up 21% over last year at the same time.
The interest rates are still historically low creating a huge demand for properties in our specific neighborhoods.
If you know of anyone looking to buy or sell, I appreciate you referring them to me!
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.