market statistics: Plainfield Home Values August 2020 - 09/09/20 12:05 PM
Plainfield Home Statistics August 2020
 
Home Prices are Up (vs August 2019)
Average Sales Price - $295,657 (+7.4% )
Median Sales Price - $265,000 (+6%)
Home prices are poised to keep rising as interest rates remain near historic lows. Buyer demand doesn't seem to be impacted by employment numbers. 
 
Inventory is Down
Homes for Sale - 222 (-58.7%)
Closed Sales - 246 (+36.7%)
There's intense competition from buyers as sales are up while the number of homes for sale is down.
 
Market Time is Shorter (mostly)
Average Market Time - 69 days (+64%)
Median Market Time - 11 days (-42.1%)
50% of sellers sell in less than 11 days while 50% sell in … (0 comments)