November Market Report

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

• 19 homes sold in November of 2009,
• The homes were on the market for an average of 88 days,
  
• The average sale price was $111,000,
  
• The median sale price was $133,047,
  
• The highest priced property sold was $265,000,
  
• The lowest priced property sold was $59,000.

Things have not changed very much when compared to November of 2008:

• 21 homes sold in November of 2008,
• The homes were on the market for an average of 76 days,
• The average sale price was $136,242,
  
• The median sale price was $121,000,
  
• The highest priced property sold was $450,000,
  
• The lowest priced property sold was $55,000.

It is nice to see the average days on market dropping down from the 95+ days that we saw earlier this spring.

I find it very positive that the November statistics are similar to where they were last November. Given the way that the market slowed down so much in the early spring of this year, it is great to see things holding steady again. The average sale price is lower, which is reflective of both the fact that prices did drop in our area in the last year as well as the fact that the First Time Home Buyer's Tax Credit was a great incentive that encourage a number of former renters to take the leap into home ownership in recent weeks.

December is historically a slower month for real estate sales, so I am curious to see how this year shapes up. Interestingly, one home has already sold in Green County this month, and it is