Market Report for the Green County area

It was very interesting looking at the real estate market statistics for Green County this afternoon.

I examined the number of single family homes that sold in Green County in March of 2009:

• 25 homes sold in March of 2009,
  
• The average sale price was $142,654,
  
• The median sale price was $118,500,
  
• The highest priced property sold was $513,500,
  
• The lowest priced property sold was $25,000.

I then compared this to the March of 2008:

• 17 homes sold in March of 2008,
  
• The average sale price was $160,067,
  
• The median sale price was $141,500,
  
• The highest priced property sold was $379,900,
  
• The lowest priced property sold was $26,500.

Clearly the real estate market is still very active in the area. More single family homes are selling than sold a year ago. This also shows something that we realtors have been aware of - prices did drop in the last year and the more expensive homes are moving more slowly. This accounts for the very large drop in median home price.

When I ran some numbers for single family home sales in Green County for so far in April, I noticed a similar trend of a smaller drop in average sale price and a larger drop in median sale price. It will be interesting to see how the number of properties sold compared when the full April data is in.