1 minute read
COUNTRY CLUB EAST
The Average For Sale Price was Neutral*
The Average For Sale Price in April was $1,471,000, up 2.2% from $1,439,000 in April of 2022 and up 5.8% from $1,391,000 last month.
Advertisement
The Average Sold Price was Neutral*
The Average Sold Price in April was $1,366,000, up 7.8% from $1,267,000 in April of 2022 and down 4.3% from $1,428,000 last month.
The Median Sold Price was Neutral*
The Median Sold Price in April was $1,075,000, down 4.7% from $1,128,000 in April of 2022 and down 28.8% from $1,510,000 last month.
* Based on 6 month trend – Appreciating/Depreciating/Neutral
It was a Seller's Market*
A comparatively lower Months of Inventory is more beneficial for sellers while a higher months of inventory is better for buyers.
*Buyer’s market: more than 6 months of inventory
Seller’s market: less than 3 months of inventory
Neutral market: 3 – 6 months of inventory
Months of Inventory based on Closed Sales
The April 2023 Months of Inventory based on Closed Sales of 1.1 was increased by 80% compared to last year and up 36.7% compared to last month. April 2023 was Seller's market.
Months of Inventory based on Pended Sales
The April 2023 Months of Inventory based on Pended Sales of 1 was increased by 72% compared to last year and up 24.4% compared to last month. April 2023 was Seller's market.
