Cardiff Homes for Sale - What Happened in the Cardiff Real Estate Market in March 2012?

Buyer and sellers in the Cardiff real estate market, need information about the current market conditions in order to make an informed decisions about buying and selling. 

The Cardiff real estate market is small and very localized, and finding comparables for determining price for either a listing or a purchase can sometimes be tricky because of the limited inventory, the diversity of homes for sale, and fluctuations in the market. 

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Here is a summary of the Cardiff real estate market for March 2012 based on information provided by the MLS (private sales are not included). These data are deemed reliable but are not guaranteed. 

The number of homes sold in Cardiff in March rose over last month’s sales. In contrast, average sales prices declined. Buyers are averaging 1 – 7% off the asking price. But given the very small number of homes sold, it is unwise to draw any conclusions about trends, especially given pricing but the shift is encouraging.

At the end of March 2012 there were 12 homes in the Cardiff real estate market with a Contingent status, 5 more than last month (i.e., short sale and REO homes that had offers being reviewed by the lenders). Until approved these homes are considered active and are included in the Active statistics below. 

As of March 2011 there were 46 Cardiff homes for sale, about the same as last month (47). This represents an inventory of only 4.7 months for attached homes (down from 4.8 months last month) and 4.5 months for detached homes (up from 4.1 months in February).

15 Cardiff homes came on the market in March, more than 1/3 fewer than in February (down 37%). 13 homes went pending in March as compared to 14 in February.

READ MORE: How Important is Inventory when Buying or Selling? Very!! 

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Data are based on information provided by the MLS for homes that went under contract in the last couple of months. If you would like more details about the Cardiff real estate market with regard to current activity as well as the specific areas such as the Walking District and the Composer District, please let me know.

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Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in February 2012?

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in January 2012?

Cardiff Homes for Sale – What Happened in the Cardiff Real Estate Market in December 2011?

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