Today's Real Estate Market Activity in the Briarwood, Blue Creek and Duck Creek Area shows that 14% of the current listings are under contract.
In the last 90 days, 10 homes have sold, that's 3.3 per month. The total number of unsold home right now in this area is 76. In order to close all of the homes on the market today, it would take about 23 months at the current rate. That's a long time. Some price ranges are better than others.
Now let's talk prices of homes on the market in Area 5:
$202,000 the average price of the homes that closed (sold) in the last 90 days
$175,000 the average price of the homes that have a contract pending right now
$260,000 the average price of the homes that have a contract that is contingent on some condition in order to close
$284,000 the average price of the homes that are currently on the market, for sale
Seems that the lower priced homes are getting more action right now, which is true all over the city!