WELCOME BURLINGTON BUYERS AND SELLERS!
Let's take a look at how the single family home MAY inventory is stacking up for the Burlington area. Today, May 2nd, we currently have 106 homes for sale in Burlington with the average median list price of $176,950. The average days on market expectation for these homes before they sell is now at 64 days (not the 105 from the March statistics!), so sellers take note. We also should point out that there are currently 42 Burlington sales pending right now, with an average sale price of $142,50 and an average days on market of 76.
The true litmus test for predicting marketing analytics is found in Burlington 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 79 Burlington homes were sold within the last 6 months with an median list price of $161,975 and a median sale price of $156,900. That means the spread between asking and final sales price is just about 3%...something to note if you are buying or selling in Burlington these days! If you are a seller, your best plan is to price your home right and you will stay competitive with the other sellers in this area. If you are buying in this area, then consider your offer carefully because Burlington home prices are holding steady in the marketplace today!
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