September 2014 property sales vs September 2013 property sales decreased from 54 to 45 homes sold. Prior 12 months average sales price increased 6.1%, from $446,648 in 2013 to $473,791 in 2014. The September Average Sales Price increased 21.9%, from $437,278 in September 2013 to $533,230 in September 2014. The September 2014 vs. September 2013 median price increased 23.0%, from $357,625 to $440,000. The September average Days on Market (DOM) decreased from 96 in September 2013 to 76 in September 2014.
The September 2014 MSI of 5.87 months was at its lowest level compared with September of 2013. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. Remember, 5.5 months is considered a “balanced” market by most.
The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%, the more of a Buyer's market exists; a ratio at or above 100% indicates more of a Seller's market. The September 2014 Selling Price vs. List Price of 95.4% increased slightly from 95% in September of last year.