Your equity dashboard

The biggest change this year

Sales stayed thin and homes took about seven months to sell. Thirteen homes sold against 15 the year before, the median was 208 days on market, and the median price was $210,000 against $220,000 a year earlier — on thirteen sales that is a change in what sold rather than in values. Five homes are listed today and nothing is under contract, roughly four and a half months of supply.

Where the supply is — and isn't

Two of the five listings sit between $300,000 and $349,999, a band that produced three sales all year — about eight months of supply at that pace. Seven of the thirteen sales closed below $250,000, where one home is listed.

Three things worth knowing

1. 1Two markets in speed. Eight of the thirteen sales took more than three months each, and the slowest quarter sat past 281 days. Five homes closed inside two months. The rest sat through more than one season.
2. 2Most listings never sell. Twenty-three listings expired or were terminated over two years against 28 that sold — 45%, among the highest failure rates in this series. Those that failed sat a median of 363 days before coming off. The six homes that relisted and eventually sold settled at 89.9% of their last asking price after a median 483 cumulative days, with a median reduction of about $23,500.
3. 3Inventory is stacked where the sales are not. Three of the five homes for sale have been listed more than three months, and two of them are asking $300,000 to $349,999 in a range that produced three sales all year. Below $250,000, where seven of the thirteen sales closed, one home is listed.