What the Greenfield real estate market failed to do in June of 2012, it more than made up for in comparison to last year. Total sales, for example, remained flat versus the previous month’s total of 47. Compared to last June’s total of 36, however, this is a huge 30.6-percent increase overall. Also, from April through June of this year there were on average 45 closings per month, or 9.8 percent more, relative to this same period 1 year ago.
Another stat that looked was flat at first glance was that of total listings. While June’s total of 294 homes for sale was indeed unchanged versus the previous month, when compared to last June’s total of 342 this represents a 14-percent improvement, at least if you’re a seller or real estate agent! Even in our quarterly analysis there was an 8.7-percent improvement seen in the average number of homes listed for sale per month, from April through June of this year relative to this same quarter in 2011. Of the 294 homes for sale in June, 73 were new listings, which made for a 7.6-percent decrease versus the previous month, and a 13-percent decrease versus 1 year ago. The 12-month average number of new listings each month is 62.
One stat that did not stay flat in June concerned pending sales. June’s total of 51 was up 4.1 percent over May’s total of 49. What’s more, this represents a much greater 24.4-percent increase over last June’s total of 41. From April through June of this year, the average of 49 pending sales that were on the books each month represent a 16.7-percent increase in comparison to this same quarter 1 year ago.
Some other Greenfield real estate market stats worth considering:
- Greenfield homes spent an average of 63 days on the market in June, which represents a very significant improvement of nearly 45 percent compared to the previous month. It is also an improvement of nearly 66 percent versus last June’s average of 96 days. Versus the 12-month average of 100 days this is a 37-percent improvement.
- The absorption rate based on closed sales was 16 percent, while the absorption rate based on pending sales was 17.3 percent.
- Homes went for an average of 93 percent of original asking price in June, up 4 percent versus May’s average of 89 percent, and up 6 percent versus last June’s average of 87 percent. The 12-month average for this stat is 86 percent.
- The sold-list differential versus final asking price was a very respectable 98 percent. In fact, this represents a 15-month high for this particular stat. . The 12-month average for is 95 percent.
- There were 6.3 months of inventory based on closed sales and 5.8 months of inventory based on pending sales.
- The median home price in Greenfield fell a bit versus the previous month to $116,000.
View other Greenfield Real Estate Market Reports.