HAPPY NEW YEAR WACOANS!
Time to review the past month's residential sales. Sure, it's a traditionally "slow" time of year for real estate, but not so gloomy here in Waco.
On a positive note, Median Home Sales price is actually higher than this time last year. Not only that, our inventory is slowly but steadily decreasing.
However, Average Days on Market have increased slightly from last year and last month and the actual number of units sold have also decreased a bit. Nothing too shocking here but nothing too be alarmed about either.
The real KEY here is that REAL ESTATE really IS LOCAL even as local as neighborhood to neighborhood. I am sure you have heard that before, but please pay close attention to what that really means. It means that NOT EVERY area of the country is suffering. And certainly not many areas of Waco. You have to understand more than just Waco, you have to also understand each neighborhood, zip code, and even street before you understand what's REALLY happening.
Consultation with a Real Estate Professional allows you some of the most up-to-date, accurate information about your area real estate that you can possibly find. Without good information, it's very difficult to enter into ANY type of transaction. GET YOUR facts and figures straight, don't make assumptions based on media hype. Then buy or sell confidently without regret.
I wish EVERYONE the most PROSPEROUS NEW YEAR EVER!
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Current Residential Listings (Does not included Farm and Ranch)
This Month Total 1616** Last Month Total 1782**
December 2007 131 Sold** Median Sold Price $113,278** Average Days on Market 140** | December 2006 196 Sold** Median Sold Price $106,000** Average Days on Market 122** |
November 2007 156 Sold** Median Sold Price $115,000** Average Days on Market 132** | Novemeber 2006 190 Sold** Median Sold Price $105,790** Average Days on Market 122** |
Need more advice and information on Waco Real Estate?, CONTACT ME I am happy to help.
**This information was obtained from Waco MLS on January 1, 2008 and is believed to be accurate, but can not be guaranteed.**
Wendy Montoya, Realtor®, e-PRO, SRS
www.WendyMontoya.com
Century 21 Towne Adams
- YOUR Waco Realtor at Work for YOU!
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Wendy,
Thanks for the info.Those figures are very encouraging. And it is nice having a resident sales facts and figures person in my own office!