The market is beginning its annual end-of-year slow down but there are still lots of buyers
looking for homes. I just put a listing under contract this weekend for a 2013 close. Inventory is low and well-priced homes are not taking long to sell. Prices have not risen - rather they are just flatlined for now.
Here are the statistics for Kenilworth:
Sold Homes: 11
Average List Price: $619,000
Average Sell Price: $583,000
List to Sell Price Ratio: 94%
Average Days on Market: 113
With only one house selling in November in Kenilworth, the average list and sell prices are skewed. Normally, those numbers are much higher, usually well over $1 million. But the list to sell ratio is good and 113 days on market is very good.