WELCOME UNION BUYERS AND SELLERS! Let's take a look at how the March 2012 single family home inventory is stacking up for Union. Today, March 22nd, we currently have 193 homes for sale in the Union area of which the median list price is $253,645. The average days on market expectation for these homes before they sell is now at 67 days, so sellers take note. We also should point out that there are currently 38 Union single family home sales pending right now, with an average sale price of $242,312 and an average days on market of 178. Of course, the Spring selling season has a lot to due with faster turn a round times. Sellers, get those homes ready for your new buyers!
The true litmus test for predicting marketing analytics is found in Union homes that have sold in the last 6 months. These are the homes that the appraisers are looking for as new comparatives to rank new appraisals in the market. So if we take a look at the solds for the area, we find that 109 Union homes were sold with a median list price of $239,800 and a median sale price of $225,000. That means there was almost a 6% spread between asking and final sales price...something to note if you are buying or selling in this market. By the way, the average days on market for these last 6 months was 123 days, just about two months more than the projected turn-a-rounds for the new listings. Yes, Spring has finally come and the buyers will be buying faster!
The weather is great and interest rates are still low! The phones are ringing and the deals are out there. If you are looking for your dream home in Union, take a looks at these categories...
All the best in 2012! Proceed with knowledge and be empowered to make the right decisions in all your real estate transactions.
NORTHERN KENTUCKY Real Estate Sales - Cathy Miles Realtor®
CINCINNATI, OHIO Real Estate Sales - Cathy Miles Realtor®
I specialize in helping buyers and sellers with their real estate needs in Northern KY (Florence, Erlanger, Union, Richwood, Burlington, Hebron, Taylor Mill and surrounding areas) and in Cincinnati, OH (Hyde Park, Oakley, Clifton, Mt. Adams and surrounding areas). With passion, I invite you to board my boat for your next destination and allow me the opportunity to help you navigate the ever changing currents of this incredible market!
just ask cathy...513.673.7726
Helping to educate buyers & sellers to make sound real estate decisions.
KY /OH Realtor®/EXIT/www.mileshometeam.com / I-Fax: 888.398.3974 /firstname.lastname@example.org