With the Winter upon us I am happy to report that the inventory of unsold homes in Lawrence has declined to a seven (7) month supply. Declining supply is a great sign that our market is correcting itself and is pushing forward.
If you are considering a move you might want to consider it strongly before the year end. If you want a no-hassle free market analysis please don't hesitate to contact myself or my team at (609) 448-2222. We are here to answer are your real estate questions, especially regarding the Lawrence market place.
The Desiree Daniels Team............... Here to serve you!!!
Monthly Statistics for the Date Range Selected
Date | Units Listed | Listed Volume | Listed Average | Pended | Units Sold | Sold Volume | Sold Average | Average DOM |
Nov 2007 | 7 | 2,928,700 | 418,385 | 3 | 6 | 3,128,900 | 521,483 | 112 |
Oct 2007 | 46 | 17,173,589 | 373,338 | 25 | 28 | 9,806,589 | 350,235 | 74 |
Sep 2007 | 41 | 18,934,600 | 461,819 | 22 | 25 | 7,011,466 | 280,458 | 50 |
Aug 2007 | 61 | 22,572,387 | 370,039 | 34 | 38 | 14,160,511 | 372,645 | 83 |
July 2007 | 49 | 17,046,106 | 347,879 | 28 | 45 | 15,722,675 | 349,392 | 66 |
June 2007 | 88 | 39,365,131 | 447,331 | 51 | 46 | 17,216,053 | 374,262 | 73 |
May 2007 | 73 | 32,227,995 | 441,479 | 48 | 41 | 16,060,590 | 391,721 | 88 |
Apr 2007 | 65 | 32,307,066 | 497,031 | 30 | 27 | 8,798,675 | 325,876 | 61 |
Mar 2007 | 68 | 25,037,522 | 368,198 | 33 | 36 | 13,542,280 | 376,174 | 91 |
Feb 2007 | 54 | 20,506,378 | 379,747 | 26 | 26 | 8,246,150 | 317,159 | 80 |
Jan 2007 | 76 | 27,850,924 | 366,459 | 44 | 17 | 4,790,900 | 281,817 | 79 |
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Totals: | 628 | 255,950,398 | 407,564 | 344 | 335 | 118,484,789 | 353,685 | 76 |
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Inventory Accumulation for the Last 12 Full Months
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Current Inventory * | Inventory Volume | Current Average | Average Monthly Sales** | Inventory Accumulation *** |
215 | 100,589,915 | 467,860 | 29 | 7 |
*Current Inventory is based on the actual available properties on the date this report was created.
**Average Monthly Sales is the average sales for the last 12 full months
***Inventory accumulation (in months) = Current Inventory Units / Average Monthly Sales
Pricing Details of Sold Units for the Date Range Selected
Minimum Prices | Maximum Prices | Average Prices |
Original List Price : $89,900 | Original List Price: $2,975,000 | Original List Price: $377,093 |
Sold Price : $83,000 | Sold Price: $2,300,000 | Sold Price: $353,685 |
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Inventory Accumulation figures are only calculated when Report End Month is the current month
Market Statistics Criteria Used | |
Date Range: | 1/2007 to 11/2007 |
Price Range: | $1,000 to $99,999,000 |
Property Category: | Residential |
Area: | Lawrence Twp |
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