*Annual Median Appreciation = 7.5% (Cromford Report)
*Buyer’s market – Buyers are being selective and are looking for the best price with the most upgrades.
*Average List Price: $176,926; Average Sold Price: $172,204; average home size = 2,111 sq ft; average price per sq. ft = $85.15
*For buyers and sellers to come to an agreement on a purchase price, sellers are giving up, on average, 98% of their list price. Note, this does not include any other seller concessions i.e. Seller contribution to the Buyer’s closing costs.
*Average Days on Market before an acceptable offer is received = 90 days.