Avon Real Estate Market Report – May ...

Avon Real Estate Market Report – May 2014

Posted in the Top Stories Forum

Since: Dec 10

Springfield, IL

#1 Jun 10, 2014
May property sales were 81, down 17.3% from 98 in May of 2013 and 6.6% higher than the 76 sales last month.

Current Inventory (For Sale)
Versus last year, the total number of homes available this month is lower by 9 units of 3.1%. This year’s smaller inventory means that buyers who waited to buy may have smaller selection to choose from. The number of current inventory is up 12.8% compared to the previous month.

Property Under Contract (Pended)
There was a decrease of 10.1% in the pended properties in May, with 62 properties versus 69 last month. This month’s pended property sales were 6.1% lower than at this time last year.

The Average Sold Price per Square Footage is Appreciating*
The Average Sold Price per Square Footage is a great indicator for the direction of property values. Since Median Sold Price and Average Sold Price can be impacted by the ‘mix’ of high or low end properties in the market, the Average Sold Price per Square Footage is a more normalized indicator on the direction of property values. The May 2014 Average Sold Price per Square Footage of $76.3 was up 1.6% from $75.1 last month and up 9.9% from $69.4 in May of last year.

Entire article here: http://www.mswoods.com/blog/2014/06/10/avon-r...

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