Steve’s Stat’s – April 2011
Posted on April 6, 2011 by JA/LEX Real Estate in affordable shippensburg home for sale jalex shippensburg pa real estate Shippensburg homes for sale Shippensburg real estateSTEVE’S STAT’S - APRIL 2011
Brought to you by: JALEX Real Estate Services
Number of Active Listings in the Shippensburg school district area (per MRIS MLS system): 185
Number of Homes Sold in the period (3 months): 46
Absorption rate = # of homes sold / period (3 months): 15.33
Month’s supply of homes = Total active listings / Absorption rate: 12
(6 is considered balanced market conditions, 6 is a seller’s market and above 6 is a buyer’s market)
Total homes sold on the past 30 days, Shippensburg school district: 19
Median sales price: $142,000
High sales price: $520,000
Low sales price: $8,000
Average days on the market for all sold homes in the past 30 days: 152
The Shippensburg area real estate market has improved in the first quarter of 2011. The absorption rate has dropped. The average sales price is up slightly. The average days on market has increased too. Spring is here at there is a lot of activity in the local Shippensburg real estate market. As the weather has gotten warmer buyers have returned to the local real estate market looking at a lot of homes and being very selective in their purchases. Buyers are also spending less money. As we get further into Spring there will be a lot of offers written for Shippensburg are homes for sale. Many homes are already under contract and many others will be sold this Spring as well. Many Shippensburg homeowners without the ability to meet these buyers where their offers are going to come in may find themselves on the market at the end of Summer wondering where all of the buyers went.
Now is the time to sell! If you are thinking about selling your Shippensburg area house or if your Shippensburg home is already for sale you need to take a close look at your listing price and make sure you are compellingly priced to attract your home buyer this Spring and Summer. Otherwise, you will find yourself still trying to sell in a market that continues in decline. For more information about Shippensburg area real estate call the experts here at JALEX! Our business is to identify market trends and to know what is happening on the local Shippensburg real estate market. We make it our primary business to provide you the best real estate service in the industry! Sometimes the information we have to offer you is not what you want to hear but the truth. And that is where integrity come into practice! We are here to provide you facts about your Shippensburg home sale or purchase.
JALEX provides this monthly market report FREE and this is just one more way we are raising the bar in Shippensburg real estate.
