Can you believe the first half of 2013 is already behind us? With six months of activity under our collective belts, it's a great time to see how the real estate market is doing. The following information is for homes located in the Edwardsville School District.
Year to date through the end June 2013, new listings are up 12.61 percent (625 vs. 555) and sold listings for the same time period are up 36.69 percent from 248 to 339.
The average sale price is very stable, down just 1.3 percent from the same period in 2012. The same goes for the list-to-sell ratio, which measures the sales price compared to the final listing price, holding at 95 percent year over year.
Another positive indicator is the average number of days on the market, which dropped by 3.5 percent to 148 in the first six months of 2013 from 153 over the same timeframe in 2012.
The volume of sold listings in the first six months of 2013 was $71.3 millon, versus $52.9 million in 2012, an increase of 34.85 percent.