MLS Active and Sold Data for the Month of April 2008.
Resource: Lafayette Indiana Multiple Listing Service
| MLS Price Comparison Report |
| Statistics for: ; As Of: 5/22/2008 |
| |
| Active |
| Price Range |
Number of Listings |
Average Days On Market |
| |
2,937 |
208 |
|
| |
| Number of Listings |
Average Days On Market |
Median Price |
Average Price |
Maximum Price |
Minimum Price |
| 2,937 |
208 |
$95,000 |
$133,367 |
$2,750,000 |
$4,500 |
|
|
| Sold |
| Price Range |
Number of Listings |
Average Days On Market |
| |
225 |
101 |
|
| |
| Number of Listings |
Average Days On Market |
Median Price |
Average Price |
Maximum Price |
Minimum Price |
| 225 |
101 |
$95,000 |
$114,023 |
$512,500 |
$2,857 |
|
|
This data tells me that Active Listing home prices are starting too high when initially going on the market due to the number of average days on the market. Sold Listings days on the market are nearly 1/2 of active listings - they may be selling quicker if priced better in the beginning. After a listing has been on the market for appx. 30 days the activity generally declines significantly.
Call The Romanski Group if you would like to discuss selling your home and the current market value.
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