In Plymouth & Cape Cod, I have been sensing a lull or slowdown in homes for sale. Activity levels seem to be slowing and I think it more than just seasonal adjustment.
So I went to both MLS PIN and Cape & Islands MLS to take the temperature of October data back thru September and August. Both of these tend to formally report data a month or so after the close of the month. So October data are only through today October 15th. Again just a snapshot but that is all I was looking to verify.
I looked at comparison averages of the last two months and up to October 15. I looked at the following data only for single family homes:
# SOLD
Avg. Selling Price
Avg. Days On Market
Selling Price:Original Price
(One would expect all percentages to be a positive number with the exception of Days On Market where the lower the better.)
Plymouth County August 2014 to October 15, 2014:
1 Mo. 3 Mo. %+/-
#Sold 3,829 4,771 - 20.0%
Avg. Price $416,117 $431,387 - 4.4%
Avg. Days On Market 94 98 - 4.0%
Sell Price:Original Price 95% 107% - 11.2%
Cape Cod August 2014 to October 15, 2014
1 Mo. 3 Mo. %+/-
#Sold 332 348 - 4.6%
Avg. Price $533,000 $544,000 - 2.0%
Avg. Days On Market 129 126 + 2.3%
Sell Price:Original Price 89% 90% - 1.1%
It appears we have some work to do to get our fall market moving. What are you doing?
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