October 2008 Home Sales For West Chester & Liberty Township, Ohio
|
October 2007 |
October 2008 |
+ / – |
|
|
Closed Units |
102 |
97 |
-4.90% |
|
Average Sale Price |
$229,333 |
$225,545 |
-1.65% |
|
Average Days On Market |
92 |
72 |
-21.74% |
|
Average List / Sale Price % |
96.09% |
94.98% |
-1.11% |
Sales were once again down in October 2008 when compared to October of last year. Unit sales (closings) were down 4.90% in West Chester and Liberty Township. The percentage decrease is smaller than it has been previously, continuing a pattern of inconsistency in sales. We have a little burst of activity and then it slows again. Average sale prices were down 1.65% over October of 2007. This is a smaller decrease than we have been seeing in recent months. To determine if this is a change in the overall trend of the average sale price for West Chester and Liberty Township homes we will need to be closely examining the sales figures for the coming few months.
Thinking of selling? Click here to learn the current market value of your home.
Interest rates continued their dramatic drop this week. This week we saw a drop to at weeks end 5.30% for a 30 year fixed rate mortgage. An FHA 30 year fixed rate mortgage is currently 5.50%. These are great rates that are changing daily. If you need a referral to a good lender with competitive rates and closing costs please let me know.