Lawrence Yun , National Association of Realtor chief economist, said the market trend is up. “Despite occasional month-to-month setbacks, we’re experiencing a genuine recovery,” he said. “More people are attempting to buy homes than are able to qualify for mortgages, and recent price increases are not deterring buyer interest. Rather, inventory shortages are limiting sales, notably in parts of the West.”
The median time on market of Holmes Point sold listings were 65 days in July, 117 days in August and 48 days in September. 4 of the 5 homes that sold in July were on the market less than 33 days, while the other sale was on the market for 8 months or longer.
The good news is that sellers in September received 97.7% of their list price compared to 95.5% in March.