Your equity dashboard

The biggest change this year

Seventeen homes sold in the past twelve months and fifteen the year before, but at that sample size the median swings on which homes traded rather than on values: a year ago it read $327,700 and this year $189,000, a 42% “drop” that was a change in mix, not in prices. Every figure on this card now uses the full 24 months: 32 sales, a median of $194,250, and a market where the typical home takes about five and a half weeks to sell. Buyers paid a median 96.0% of asking across that period.

Where the supply is — and isn't

Sold counts cover 24 months; months of supply is measured against that two-year pace. The $150,000–$199,999 band produced ten of the 32 sales and holds two listings. Four of the six homes for sale are priced under $150,000, a range that produced seven sales in two years. Nothing is listed at $200,000 or above, where 15 of the 32 sales closed.

Three things worth knowing

1. 1Priced right, homes go fast — and the rest sit. Fourteen of the 32 sales closed within about three and a half weeks, but twelve took 60 days or more and the slowest quarter sat past 83 days. The average of 97 days is pulled up by a long tail, including one home that took more than two years to sell.
2. 2The homes for sale are the cheap end of the market. All six listings are bungalows, asking a median $139,700 against a median sale of $194,250 over two years. Nothing is listed at $200,000 or above, where 15 of the 32 sales closed — including eleven above $300,000.
3. 3The listings that failed asked more than the market paid. Sixteen listings expired or were terminated over two years against the 32 that sold — one in three. They carried a median asking price of $254,900 against a median sale of $194,250, and sat a median of 148 days before coming off.