September 2012 Housing Stats for the Wiregrass

Here is a VERY brief look at just a few stats from September

PRICE DISTRIBUTION          # sales     # pending        # active
$99,999 or less                      22              37                    285
$100,000 to $150,000           10               29                    237
$150,001 to $200,000             9               13                    202
$200,001 or Greater              11               24                    269

 

                    
                  Sold     Aver $             Av DOM         Active     Pending
Total            52     $135,784.00       202                993          103
Existing        42     $115,697.00      196                881            84
New Const   10     $220,150.00      227                112            19

 

After a good month in August, our sales took a drop in September. Sales were down 16% from last month and also 16% from Sept ’11.
Part of this is due to the fact that the military generally moves families in the Summer, so a busy Summer has now passed and we're in the normal fall slow-down.
 

September sales (52 sales) were the lowest in a year and also the lowest since September 2003 (44 sales).
Average selling price ($135,784) is down 24% from last month ($178,421) and 7% from Sept ’11 ($146,388)
August average selling price was the highest for a year and January ($121,833) the lowest.
Again, as I mentioned above, the fact that fewer military families moved in buying the $150,000-250,000 priced homes meant that the under $100,000 price range is now dominant. This will obvioulsy bring the average price down.
 
We now have the highest inventory/sales ratio in over a year – with 19.1 months of supply.  We are up 2.6% from last month.
We have 1,096 listings on the market. Our company, Team Linda Simmons has the largest number of these. BUT, we also have the largest number of sales, so WE are moving our Listings! (shameless plug)
 
Ten years ago (Sept’02) the inventory was 2 months, 41 sales, average sales price $150,107, and 71 active listings.

 These figures are board wide (Enterprise, Ozark, Daleville, Hartford, Geneva, Samson).

 (Thanks to Ms. Sharon at the board office and ACRE for the figures)