Just out.... the Third Quarter Economic and Marketwatch Report as publishesd by our Regional Multiple Listing Service.... Print out the Scott County and economic portions of the report by clicking on the printer icon in the PDF box below.
The Average Sale Price in Scott County in Q3 increased from $218,800 to $230,000. Inventory rose along with days on market, and sales declined. However, the Q4 predictions are for steady pricing, increased sales, and an increase in new construction.
The Economic Monitor forecasts for the next six months:
- An increase in EXISITNG HOME SALES - slow and steady
- An increase in NEW HOME SALES
- An increase in NEW HOME STARTS
- Stability in home affordability, which is at historic highs
- Higher/rising interest rates
- Higher unemployment rates
- Steady/unchanged econmic growth
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