In 2009, 11 home sales were closed in June, compared with 13 in 2008. The sales dollar volume was almost 91% of last year's volume in June as well. While that may not sound all that great, it is an improvement over the first 5 months of this year.
Average Sale Price for the year is down to $387,907 from $460,922 for the first six months of last year. Last month, the Days On Market for all sales for 2009 averaged 220 days! June sales brought that number down to a more respectable 179 days. That may mean that sellers are beginning to adjust their listing prices to the market or may be simply be a more statistically significant number of transactions for the year.
Listing volumes continue to dwarf last year, with 84 homes listed in June as compared with 59 last year. There are currently 373 active residential listings in my reporting area. Even at June's higher volumes, that would be nearly a 34 month supply. If you are thinking of selling your Lake Chelan home, you should plan on marketing your home well.
Click for my complete Lake Chelan Cooperating Broker Home Sales Summary.
Comments(0)