Average historic sales has been about 65 a year and over the last few has dropped to 30

Median Prices shot up from a low of ~300k to ¾’s of a million and has flatlined since 2022

Price per square foot is at 88% of the high in June 2022 down from 575 to 507 and flatlining price per square foot implies to me that the homes on the market are slightly bigger than historically sold in this area and that the price is actually down slightly from that peak.

The average sold to list price to me is a reasonable indicator of the average competition for homes in the area and it’s down from a peak of 107% of asking price in July 2021 to 104% in march of this year and shot further down to 102% adding further evidence of a drop in Sellers negotiating position.

In that same time period of march to september of this year months supply has doubled from .4 to .8 but is below the historic average even excluding the great recession.

New listings have stayed a few over the number of closed sales indicating that more homes are being taken off the market instead of being sold.

Days of market is high at 12 since DOM was 8 in march and high since 2020 for the area but average since after the great recession and less than half for most of what was seen during the great recession.

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Dana Estates

Area highlighted in pink is the area used to gather the data from infosparks in the charts above.

Data Metrics and Disclaimer

Metrics used are displayed on the bottom of each chart(Which includes how many months back are rolling and the years back in time as shown by the point of beginning in each chart. When metrics are not displayed, the following are the standard metrics:

Any Price Range |Any number of bedrooms | Any number of bathrooms | Any square footage(of the home) | Included sale types are shown as follows: Standard, Short, Real Estate Owned, Offer As Is, Successor Trustee Sale, Probate Listing, Auction, HUD Owned, Below Market Rate, Notice of Default, REO/Bank Owned, Subject to Court, In Foreclosure

 

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