Things are very interesting in Stafford right now. The latest statistics are very indicative of what we as Realtors were feeling in Stafford last month.
It is very interesting to me that we are seeing these statistics as rates have been hovering around historic lows and there are lots of Buyers in the market place. It seems as though many people are waiting for exactly the right house to come on the market and just haven’t been able to find what they are looking for.
Our inventories are so low, not just in Stafford, but in the surrounding areas as well that there are not a lot of new houses for people to look at, at any given time.
I think the last couple of weeks have been tough for people who have been considering putting their homes on the market! No one really wants to do that during an earthquake, hurricane or even the first week or two of school if they can help it! Please read on for the latest stats:
|New Pending Sales||156||157||-0.64%|
|Median Sales Price||225,000||249,625||-9.86%|
|Avg SP to OLP Ratio||95.3%||94.5%||0.81%|
|Days on Market until sale||66||61||8.20%|
|Detached Units Sold||99||144||-31.25%|
|Attached Units Sold||21||19||10.53%|
|Sold Dollar Volume||31,408,566||44,146,520||-28.85%|
|Avg. Sold Price||261,738||270,838||-3.36%|
|Avg. List Price for Solds||265,859||277,336||-4.14%|
|Ratio of Avg SP to Avg OLP||95.5%||94.0%||1.63%|
|Attchd Avg Sold Price||143,986||143,389||0.42%|
|Detached Avg Sold Price||286,716||287,654||-0.33%|
|New Under Contracts||59||109||-45.87%|
One of the only positives you can take away from the latest numbers are the average sales price to list price ratio. Over the last year this number has continued to slowly creep up. That is a great sign for Sellers who price their home well!
Don’t let these numbers discourage you! We are still way better off than many parts of the country and our market is feeling much better overall! New inventory will really help our market. If you are considering selling your home, make sure and speak to a good, professional Realtor. You may be surprised that now is a good time for you to sell!