June 2009 Market Report

Another month has closed, so it is time to take a look at the market statistics again.

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

• 32 homes sold in June of 2009,
  
• The average sale price was $148,459,
  
• The median sale price was $140,957,
  
• The highest priced property sold was $765,000,
  

Now, let us take a look at June of 2008:

• 32 homes sold in June of 2008,
  
• The average sale price was $147,003,
  
• The median sale price was $136,000,
  
• The highest priced property sold was $375,900,
  
• The lowest priced property sold was $43,000.

This makes two months in a row that the median and average home price was higher in 2009 than in 2008. Approximately the same number of homes sold in both years for two months in a row as well.

Days on the market is still higher, however. The average days on market for June 2008 was 72, but it was 158 in June of 2009. This is a reflection of the higher than average inventory of homes currently for sale. If approximately the same number of homes sold both years, but there are more homes currently for sale, that means that each home has to sit on the market longer. Sellers need to be aware of this data when planning. Homes that are not competitively priced from the list date will sit on the market longer.