This data is specifically for SE Hamilton County $200-600k
The market continues to stay strong. Let me focus on two key indicators:
There are 740 CURRENT active listings in the dataset. Of which 616 or 83% are pending. This is up from 79% from last week.
This shows the total % of market from week to week. I will build this graph out each week to show the progression. Right now, the trend is staying strong so it is DEFINATELY staying a SELLERS market!
Markets will start shifting to being more balanced when:
- Price trends stabilize. Average home price is $342k
- Percentage of pending listings vs total listings decline. We are at 83%
- Days on market on sold properties increases. We are at 11 DOM
- Percentage of sales price vs listing price declines. We are at 102% right now.
Stay tuned. This will update weekly with the most thorough data analysis at the beginning of each month. Weekly I update the current (pending/active data). The sold data is updated monthly.
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Robert Haynes and Associates