The charts and table below will show real estate market trends for single family Frankfort homes from February 2011 through February 2012. The chart below shows the number of listings for each month over the past year. As you can see, listings peaked in March and May of last year and have declined with a small uptick in 2012.
Anyone can list their home for sale, so the next graph shows how many actually sold and closed. The peak month was August, which means that the contracts were accepted generally anywhere from May through July. It has been downhill since but looks like a slight upswing in February 2012.
The next graph shows average list prices for the time period. There are a couple peaks and valleys but for the most part it has stayed pretty even.
The next chart shows what buyers are willing to pay. The average sale price is what an appriaser will use to determine appraised value of a Frankfort home. If you compare the graph above, the sale prices are lower than list prices, which is usually the case with most areas.
The table below shows data for each month, including average days on market. It helps to interpret the graphs above with exact figures.
This post is in response to Active Rain's Real Estate Recovery or Not article. I personally feel it's too early in the year to do comparisons, especially since most activity occurs in later months, but this at least shows us which months get the most activity throughout a 12 month period. The above figures are provided by MRED LLC