This report pertains to residential homes on less than 10 acres sold for the week of July 20th to July 26th as reported by the Lebanon Board of Realtors MLS.
This week there were 8 homes sold for a total of just over 724K. The average price of these homes was over 90 thousand and the median price at 70 these homes had an average time on the market of 169 days. There are currently 21 homes listed as under contract in the Lebanon MLS and those homes have an average price of 140 thousand.
Year to date there have been 186 homes sold, down from last years 233 during the same time frame, the average price is just over
113 thousand dollars compared to last years 100K; the YTD volume of 21 million is under last years 23.3 million. Our average time on the market this year has been 131 days, that’s up some from last years 113 day average.
As of this morning there were 340 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 158 with median asking price of just about 137; these homes have an average time on the market of 123 days.
Well today I want to talk to anyone thinking about buying, Buyers, are you aware of how the real estate industry works? Real Estate professionals cooperate with each other so that a buyer can work with one REALTOR and view everything on the market. This is a great system for REALTORS, sellers, and buyers. Find a full time professional and make a commitment to them and I promise they will work hard to find you and your family the home of your dreams. Be sure to compare yourself as a buyer, to a home that’s in great shape, a perfect location, and priced right, that home will get tons of attention. Are you getting tons of attention as a quality buyer? Are you Pre approved for a loan, do you have to sell a home before you can buy, maybe you have cash and don’t need to go through the process of getting a loan. Will you be ready to close anytime, are you flexible about possession. All these things make you either more or less attractive as a buyer, and the right REALTOR will know how to put these assets to work for you. We are in a buyers market, hire an expert to show you what that means for you. At REALTY EXECUTIVES we will expose you to the market, the whole market, and we will listen to your needs and work to help you accomplish your real estate goals.
Archive for July of 2007
Weekly Market Report 7-27-07
July 27, 2007Weekly Market Report 7-20-07
July 20, 2007
This report pertains to residential homes on less than 10 acres sold for the week of July 13th to July 19th as reported by the Lebanon Board of Realtors MLS.
This week there were 4 homes sold for a total of just over 359K. The average price of these homes was almost 90 thousand and the median price at 91 these homes had an average time on the market of 147 days. There are currently 24 homes listed as under contract in the Lebanon MLS and those homes have an average price of 141 thousand.
Year to date there have been 177 homes sold, down from last years 226 during the same time frame, the average price is just over
114 thousand dollars compared to last years 99K; the YTD volume of 20 million is under last years 22.5 million. Our average time on the market this year has been 130 days, that’s up some from last years 113 day average.
As of this morning there were 332 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 157 with median asking price of just about 135; these homes have an average time on the market of 119 days.
This week I read an in depth article about the riskiest housing markets in the U.S., that article indicated as much as a 65% drop in home values in some areas of California. Seeing this information reminds me that we need to be grateful for the market we are in, I believe that our consistant growth and stability is a reflection of the people who live here in the Midwest and I am proud to be a part of a community where most people know that slow and steady wins the race. Yes, our market is down this year, but what is amazing is this, our average home price is up. What is happening here in Lebanon is there are just not as many people choosing to buy, so volume is down and average time on the market is up, but our values continue to rise. Now as sellers become more motivated this trend may not last, but for now don’t be afraid to buy or sell, here in Lebanon just like most of the Midwest you can make a real estate purchase with confidence.
This week there were 4 homes sold for a total of just over 359K. The average price of these homes was almost 90 thousand and the median price at 91 these homes had an average time on the market of 147 days. There are currently 24 homes listed as under contract in the Lebanon MLS and those homes have an average price of 141 thousand.
Year to date there have been 177 homes sold, down from last years 226 during the same time frame, the average price is just over
114 thousand dollars compared to last years 99K; the YTD volume of 20 million is under last years 22.5 million. Our average time on the market this year has been 130 days, that’s up some from last years 113 day average.
As of this morning there were 332 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 157 with median asking price of just about 135; these homes have an average time on the market of 119 days.
This week I read an in depth article about the riskiest housing markets in the U.S., that article indicated as much as a 65% drop in home values in some areas of California. Seeing this information reminds me that we need to be grateful for the market we are in, I believe that our consistant growth and stability is a reflection of the people who live here in the Midwest and I am proud to be a part of a community where most people know that slow and steady wins the race. Yes, our market is down this year, but what is amazing is this, our average home price is up. What is happening here in Lebanon is there are just not as many people choosing to buy, so volume is down and average time on the market is up, but our values continue to rise. Now as sellers become more motivated this trend may not last, but for now don’t be afraid to buy or sell, here in Lebanon just like most of the Midwest you can make a real estate purchase with confidence.
Weekly Market Report 7-14-07
July 14, 2007
This report pertains to residential homes on less than 10 acres sold for the week of July 6th to July 13th as reported by the Lebanon Board of Realtors MLS.
This week there were 8 homes sold for a total of just over 1.4 million. The average price of these homes was almost 178 thousand and the median price at 124 these homes had an average time on the market of 188 days. There are currently 24 homes listed as under contract in the Lebanon MLS and those homes have an average price of 137 thousand.
Year to date there have been 173 homes sold, down from last years 218 during the same time frame, the average price is just over
114.5 thousand dollars compared to last years 99K; the YTD volume of 19.8 million is under last years 21.6 million. Our average time on the market this year has been 129 days, that’s up some from last years 111 day average.
As of this morning there were 320 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 157 with median asking price of just about 136; these homes have an average time on the market of 123 days.
I have great information today for any home owners thinking about selling your home without a REALTOR. When you sell on your own keep in mind that what you are really doing is earning the commission your self so don’t forget to work for it. Be available to show your home at the buyers convenience, when they come to look let them look at the home and don’t hover over them showing them every nook and cranny, they need to look at their pace not yours, they care about 3 major things, location, price, and condition. Be sure and put up your valuables so that no one has an opportunity to pocket a family air loom. Keep in mind that you are unlikely to get honest feedback if its negative, don’t make the buyer uncomfortable by asking, make up a feedback form and give it to them with a listing flyer and a self addressed stamped envelope, they will likely fill it out honestly and return it too you. You may have a hard time knowing if a buyer if pre qualified for a loan, if they say they are take their word for it, just like you would, they will be uncomfortable sharing personal financial information with you so don’t ask. The time to ask for a letter from their lender is when they make you an offer; don’t make your home unavailable to others unless you have a pre approval letter.
This week there were 8 homes sold for a total of just over 1.4 million. The average price of these homes was almost 178 thousand and the median price at 124 these homes had an average time on the market of 188 days. There are currently 24 homes listed as under contract in the Lebanon MLS and those homes have an average price of 137 thousand.
Year to date there have been 173 homes sold, down from last years 218 during the same time frame, the average price is just over
114.5 thousand dollars compared to last years 99K; the YTD volume of 19.8 million is under last years 21.6 million. Our average time on the market this year has been 129 days, that’s up some from last years 111 day average.
As of this morning there were 320 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 157 with median asking price of just about 136; these homes have an average time on the market of 123 days.
I have great information today for any home owners thinking about selling your home without a REALTOR. When you sell on your own keep in mind that what you are really doing is earning the commission your self so don’t forget to work for it. Be available to show your home at the buyers convenience, when they come to look let them look at the home and don’t hover over them showing them every nook and cranny, they need to look at their pace not yours, they care about 3 major things, location, price, and condition. Be sure and put up your valuables so that no one has an opportunity to pocket a family air loom. Keep in mind that you are unlikely to get honest feedback if its negative, don’t make the buyer uncomfortable by asking, make up a feedback form and give it to them with a listing flyer and a self addressed stamped envelope, they will likely fill it out honestly and return it too you. You may have a hard time knowing if a buyer if pre qualified for a loan, if they say they are take their word for it, just like you would, they will be uncomfortable sharing personal financial information with you so don’t ask. The time to ask for a letter from their lender is when they make you an offer; don’t make your home unavailable to others unless you have a pre approval letter.
Weekly Market Report 7-6-07
July 06, 2007
This report pertains to residential homes on less than 10 acres sold for the week of June 29th to July 5th as reported by the Lebanon Board of Realtors MLS.
This week there were 4 homes sold for a total of just over 447k. The average price of these homes was almost 112 thousand and the median price at 70 these homes had an average time on the market of 235 days. There are currently 23 homes listed as under contract in the Lebanon MLS and those homes have an average price of 148 thousand.
Year to date there have been 164 homes sold, down from last years 209 during the same time frame, the average price is just over
112 thousand dollars compared to last years 100K; the YTD volume of 18.3 million is under last years 20.9 million. Our average time on the market this year has been 127 days, that’s up some from last years 112 day average.
As of this morning there were 323 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 157 with median asking price of just about 136; these homes have an average time on the market of 123 days.
This week there were 4 homes sold for a total of just over 447k. The average price of these homes was almost 112 thousand and the median price at 70 these homes had an average time on the market of 235 days. There are currently 23 homes listed as under contract in the Lebanon MLS and those homes have an average price of 148 thousand.
Year to date there have been 164 homes sold, down from last years 209 during the same time frame, the average price is just over
112 thousand dollars compared to last years 100K; the YTD volume of 18.3 million is under last years 20.9 million. Our average time on the market this year has been 127 days, that’s up some from last years 112 day average.
As of this morning there were 323 homes with less than 10 acres, listed with the Lebanon MLS. The average asking price is 157 with median asking price of just about 136; these homes have an average time on the market of 123 days.
