Local Market Update – September 2014

Non-distressed residential property sales are up 7% overall, while short sales and REO properties are both down substantially.

Residential average sales prices in the MLS are up 5% from this time last year.  Residential single family <2 acres is up 13% from this time last year.

Residential homes above $350,000 still reflect a stable balanced market, leaning towards a stronger seller’s market under $190,000 with lower months of inventory.

If you would like a specific real estate review on your property, contact your Windermere Realtor® today.

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