Where the Numbers Say Our Market Is Headed

For your latest Midlands market overview, I’ll compare some key year-over-year statistics.

Where is the Midlands real estate market headed? To answer that question, I’ll compare the key statistics from the first three quarters of 2019 with the numbers from 2018. Most of what we’re seeing is positive, but there are certain nuances you need to be aware of whether you’re buying or selling.

Follow along in the video above to see my full market overview. For your convenience, I’ve added timestamps so you can jump ahead to various sections at your leisure: 

0:50—The number of properties on the market rose 1% from 13,103 to 13,252, and the number of properties sold dropped slightly from 9,595 to 9,558

1:44—What this means

2:09—Why not all inventory is equal

3:18—The average list price rose from $211,470 to $236,902, and the average sold price rose 5.5% from $206,504 to $217,742

4:18—If you market, merchandise, and price your home correctly, you’ll sell for top dollar

5:03—The average days on market dropped from 58 days to 53 days

6:00—How statistics can vary between different types of homes

7:02—Wrapping things up

As always, if you have any more questions about our market or you’re thinking of buying or selling a home, don’t hesitate to reach out to me. I’d love to help you.