Market Update as of May 28th

Year to date stats remain positive for 2015. The number of sales are up 56% over the same period last year. Sales volume is also up 46%. The list to sell ratio remained steady at about 89% meaning the average seller discounted their list price by 11% to obtain an acceptable offer. The one anomaly is the average sales price….in 2014 the average sales price YTD was $584,736 and this year it is $546,606, a decrease of 6.5%. This is very odd, normally an improving market means the prices increase. I think that perhaps sellers are still aggressively pricing their homes because of the amount of inventory on the market. There are currently 1,269 homes for sale in the Highlands-Cashiers MLS so I think until some of that inventory sells off, prices will remain stable or even fall slightly as they have so far this year.

2014 YTD Stats as of May 28th

2015 YTD Stats as of May 28th

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