| Market Statistics All MLS | |||||||||||||||||||||||||||||||||
| Statistics for: Class=RF, LD, MF, CI AND Date Range=07/01/2010-08/31/2010 AND County=01 AND Board=1; As Of: 8/7/2010 | |||||||||||||||||||||||||||||||||
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What are the above stats telling us about the market conditions for the Gettysburg Borough Adams County area.
The good news;
sale price/list price ratio looks healthy at 93.38%. Considering the market conditions we are currently going through that is pretty a pretty good news number. What it could be indicating is that sellers are pricing correctly in the Gettysburg Borough Adams County area.
days on the market is high, but not as high as one might expect for the current market.
The bad news;
Pct sold and Pct expired, at 29.49% pct sold and 52.07% for pct expired that is telling us that more than half of the properties listed are being let go to expired. Less than 30% of homes listed are going to the sold category is not good news at all. It appears the buyers are just not out seeking homes in the Gettysburg Borough Adams County area that for whatever reason.
Overall it is clear that the market is a challanging place to do business. I am hoping that we can get through this glut of inventory that doesn't appear to be moving. What this info should be telling potential buyers that now is a great time to buy. There abundant inventory here in the Gettysburg Borough Adams County area, sellers are willing to deal and mortgage rates are at all time lows. If you have the means and qualifications to buy, DO IT NOW, CALL ME NOW.
If you or friend or family member are looking to buy or sell a home in the Gettysburg Borough Adams County area, be sure to call GettysburgGerry for assistance.
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