North Port prices rise 34% in July
Posted 08-02-2013 at 08:56 PM by StepHome941
The following is a statistical report about the single family home market in the City of North Port for July, 2013.
147 homes were sold, compared to 126 in July of 2012, an incease of nearly 17%. Median prices rose from $94,400, to $126,750, an increase of over 34%.
Of the 147 homes sold, 92, or 63%, were regular sales. In July 2012, only 47% of the homes sold were regular sales and 53% were distressed (short sale or foreclosure).
There are currently 378 homes for sale, which represents only 2.88 months of inventory available, based on an average of 131 homes sold per month, over the past 12 months. This means that if there were no new listings, there would be no homes for sale in North Port in just 2.88 months. Experts consider a balanced market at 6 months of inventory. More than 6 months is considered a buyer's market, and less than 6 months is considered a seller's market.
The above report is provided as a courtesy to buyers, sellers, and homeowners, by Stephen Schoenfeld, a Realtor with Green Lion Realty LLC.
147 homes were sold, compared to 126 in July of 2012, an incease of nearly 17%. Median prices rose from $94,400, to $126,750, an increase of over 34%.
Of the 147 homes sold, 92, or 63%, were regular sales. In July 2012, only 47% of the homes sold were regular sales and 53% were distressed (short sale or foreclosure).
There are currently 378 homes for sale, which represents only 2.88 months of inventory available, based on an average of 131 homes sold per month, over the past 12 months. This means that if there were no new listings, there would be no homes for sale in North Port in just 2.88 months. Experts consider a balanced market at 6 months of inventory. More than 6 months is considered a buyer's market, and less than 6 months is considered a seller's market.
The above report is provided as a courtesy to buyers, sellers, and homeowners, by Stephen Schoenfeld, a Realtor with Green Lion Realty LLC.
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