Market [in a] Minute – July 2016

“Hey, John/Ashley! How’s the market?!” – The most common question consumers – future buyers and sellers alike – ask us about the local real estate market on a daily basis.

“It’s great! We’re busy! Inventory is low! Buyers are buying! Know anyone who wants to sell?” – Most common short answers we typically provide when we’re out and about, usually in line at the grocery store or in passing. Of course, when time allows, more detailed explanations, thoughts and answers are given and usually end up in great conversation.

*light bulb moment* – If everyone wants to know how the current market is doing and how it stacks up against this time last year, why don’t we put the facts together and share it?

Let us introduce… the “Market Minute”… last months hard number statistics compared to the same time last year. Facts directly from the MLS stating how our local Englewood, North Port, Port Charlotte and Punta Gorda markets are doing.

Market Minute 072016

The  Minute’s “key” (see what I did there?!):

  • “Avg. List Price” is the total amount of homes that were listed last month, their listing prices added together then divided by the amount of homes listed
  • “Avg. Sale Price” is the total amount of homes that were sold last month, their sold prices added together then divided by the amount of homes sold
  • “Days on Market” this is the average amount of days a home was on the market before it fully went under contract. It’s the cumulative amount of days starting from day 1 when the home was listed to day “x” where the home’s offer was fully executed
  • “Homes Sold” you guessed it, the total amount of homes that had the opportunity to put the desirable “SOLD” status on their property!

Want more specific numbers to your home or what’s going on in your neighborhood? Just ask, it’d be our pleasure to help you!

**All statistics are from the Mid-Florida Regional MLS and include ALL of Englewood, North Port, Port Charlotte and Punta Gorda, Florida**

Want to view local MLS listings for free?  Visit www.BuyMeFlorida.com and feel free to ask us any questions about any homes for sale on the market or if you would like to have an exclusive preview of one in person!

 

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