May Market Report

I cannot believe that it is mid-June already. Somehow I missed doing the market report so far this month.

First, the number of single family homes that sold in Green County in May of 2009:

• 33 homes sold in May of 2009,
  
• The average sale price was $189,363,
  
• The median sale price was $155,700,
  
• The highest priced property sold was $765,000,
  
• The lowest priced property sold was $20,500.

Things have dropped a little bit since May of 2008:

• 30 homes sold in May of 2008,
  
• The average sale price was $148,946,
  
• The median sale price was $127,250,
  
• The highest priced property sold was $395,000,
  
• The lowest priced property sold was $54,000.

The median home price and average home prices both jumped up from the April numbers, and the number of homes sold increased dramatically too.

I find it very interesting how the numbers compared to this time last year. The number of homes selling is about the same, 10% different, but the average and median prices are dramatically different. This is not just a reflection of the $765,000 home selling. There were homes that closed in every single price range, including the $200-300K, $300-400K, $400-500K and $600-700K ranges. This is is big improvement in the local market, which has seen homes over $200K moving slowly in the last year.

Things are also moving more quickly. The average days on market for the homes that closed in May was 97, down from 109 in May of 2008 and from 145 in April of 2009.

All in all, these are very positive numbers for our area.