Six single-family homes went under contract in August in our Sheffield neighborhood of Lincoln Park with an average market time of 118 days. The listing prices ranges from $535,000 to as high as $3,995,000 with an average list price of $1,623,000.
Absorption Rate:
With 25 current active single-family homes on the market in the Sheffield Neighborhood that translates to a 4.16 month absorption rate which means if no new single-family homes came on the market it would take 4.16 months at the current rate of sales activity to absorb the current supply of housing which favors sellers.
It is a sellers single-family homes market in our Sheffield Neighborhood!
For a complete pdf version of this report with CLOSED and UNDER CONTRACT SALES EMAIL Jim Gramata HERE (your email is safe from distribution, promise).
This report and comments prepared by The Gramata Realty Group with @properties and from the MRED Listing Service. Copyright 2015 MRED LLC - The accuracy of all information, regardless of source is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. For more information please contact The Gramata Realty Group here.
Comments (0)Subscribe to CommentsComment