The pie chart below shows an easy-to-read market activity report for single family Homer Glen homes for sale.
There were 15 new and expired listings during this 30 day time period. Many expired listings re-list, either with their current agent or with a new one, so I'm not sure if the 15 new listings were once expired, but I'm sure one or more were truly new listings on the market. Not all expired listings re-list, especially at this time of year. Some sellers prefer to keep their homes off the market during the winter and/or holiday season and will list again next year.
5 homes went through a price change, which is usually a reduction. We're seeing this a lot in this Buyer's Market, and some listings take many price reductions until buyers finally see the value. I'm surprised there are only 5 price changes.
10 homes closed, which is a great figure to see. That should be 10 happy sellers and buyers.
Another good figure is the 13 homes under contract. Just because a property has an accepted offer doesn't mean it will close, but most do so at some point homes with this status will proceed to the "closed" designation.
We're nearing the end of the year and I'm anxious to read our full sales statistics for all of 2011. I will post them as soon as they are available.
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