Mercer County Year-to-Month Residential Sales Statistics - Through August 2008

By
Real Estate Agent with RE/MAX Preferred

When looking at the year-to-month actual statistics (using the most recently completed month of  August vs. July, June, May, April, March and January) for for Mercer County, the results for residential homes on the market, sold, average price and days for sale before close is charted as follows:

Yr Ending

Units Listed

Units Sold

% Sold

Sold Avg.

Avg.
 Dom

08/2008 6938 3167 46 $366,121 84
07/2008 7048 3252 46 $367,289 83
06/2008 7251 3355 46 $366,288 83
05/2008 7467 3451 46 $366,879  83
04/2008 7776 3559 46 $362,752 82
03/2008 7853 3643 46 $363,213 82
01/2008 8131 3903 48 $359,802 82

This shows that the trend is leveling and soon beginning to reverse direction.

The current inventory is 2556, with an average monthly Sold of 263, yielding a backlog of 9 months to sell off the inventory at current rates of sale.


Copyright 2008 by Lawrence Yerkes. All Rights Reserved.

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