The Lewis Center real estate market finished 2016 strong! Let’s take a look at the numbers to see if Lewis Center ended 2016 in a Seller’s Market or a Buyer’s Market.
Homes For Sale/Sold/Pending/New Listings
Homes For Sale in December 2016: 86 units.
- Down 8.5% compared to the last month
- Up 10.3% compared to the last year
Homes Listed in December 2016: 22 units.
- Down 46.3% compared to the last month
- Up 4.8% compared to the last year
Homes Closed in December 2016: 37 units.
- Up 15.6% compared to the last month
- Up 19.4% compared to the last year
Homes Placed under Contract in December 2016: 26 units.
- Down 36.6% compared to the last month
- Down 13.3% compared to the last year
Average Price Per Square Foot
December 2016 Average Sold Price per Square Footage is Neutral*
Average Sold Price per Square Footage in December 2016: $117
- No Change compared to the last month
- No Change compared to the last year
*Based on 6 month trend – Appreciating/Depreciating/Neutral
Average Days On Market in Lewis Center
December 2016 Average Days on Market trend is Rising*
Average Days on Market in December 2016: 37
- Up 32.1% compared to the last month
- Down 40.3% compared to the last year
December 2016 Sold/Original List Price Ratio Remains Steady*
Sold/Original List Price % in December 2016: 96%
- Down 3% compared to the last month
- No Change compared to the last year
*Based on 6 month trend – Rising/Falling/Remains Steady
Average Prices & Median Price
December 2016 Median Sold Price is Neutral*
Average Median Sold Price in December 2016: $285
- Down 1.7% compared to the last month
- Down 1.7% compared to the last year
December 2016 Average For Sale Price is Neutral*
Average For Sale Price (in thousand) in December 2016: $365
- Up 0.3% compared to the last month
- Up 8.6% compared to the last year
December 2016 Average Sold Price is Neutral*
Average Sold Price (in thousand) in December 2016: $287
- Down 4.7% compared to the last month
- Down 1% compared to the last year
*Based on 6 month trend – Appreciating/Depreciating/Neutral
Months Of Inventory in Lewis Center
December 2016 is a Seller’s market*
Months of Inventory based on Closed Sales in December 2016: 2.3
- Down 20.4% compared to the last month
- Down 7.9% compared to the last year
*Buyer’s market: more than 6 months of inventory based on closed sales
Seller’s market: less than 3 months of inventory based on closed sales
Neutral market: 3 – 6 months of inventory based on closed sales
Have A Question About This Report?
I am always available to answer any questions you may have about Lewis Center real estate. Please feel free to contact me, REALTOR® Rita Boswell, at 614-830-9767.
