October and November were down a little compared to this time last year for total sold dollar volume and sales. We always seem to see a slow down in our area right before an election and this election cycle was no different. Days on market has decreased due to inventory being low. Regular sales are still hard to find, short sales are up and foreclosures are down.
Here are the latest statistics for Spotsylvania Count:
|Total Sold Dollar Volume||27,840,981||-12.75%||-12.60%|
|Median Sold Price||183,000||-3.68%||-8.50%|
|Avg Sold Price||220,960||-3.75%||-4.28%|
|Avg Days on Market||65||-1.52%||-34.34%|
|Avg Sold to Avg List Ratio||92.87%||+0.55%||+2.3%|
There are still lots of opportunities for both Buyers and Sellers in this market! The market needs nice properties in good condition! While Sellers can really take advantage of the lack of competition, Buyers can take advantage of unbelievable interest rates! Real estate activity has significantly increased in our area over the last two weeks and we look forward to a strong ending to 2010!
Commentary and market stats provided by Amy Cherry-Taylor, Business Manager, Stafford Regional Office.
Search for Home in Spotsylvania County: www.averyhess.com