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House Sales Stay Strong Through Fall

Pent-up demand, low mortgage rates keep market active.

A total of 23 homes closed in the last two months, 11 in October and 12 in November.  There are a total of 97 actively listed Warren properties and with 7 having gone under contract in the last 30 days, the “time to sell” ratio stands at 13.8 months, up from prior periods largely due to predictable seasonal slowing of closed sales.

At this time of year, I am frequently asked if it makes sense to be on the market over the holidays and my answer never wavers, “yes!”  While there are certainly fewer buyers out at this time of year, holiday buyers are serious and highly motivated.  Competition from other listings is diminished due to low inventory levels improving your standing and likelihood to sell.  This year has been unusual sustained buyer activity breaking through usual seasonal barriers. 

I credit this to pent up demand and these amazingly low borrowing rates.  If you and your home are ready to sell, list now and if listed, stay on the market through the holidays.

 

Address Listing price Style Rooms Selling price

Percent of listing price

Days on market 120 Reinman Rd $295,000 Cottage  7  $277,500 94% 105  3 Fairfield Ave $299,000 Ranch  7  $285,000 95% 110  16 Roseland Ave $316,000 FixUpper 7  $305,000 97% 42  154 Old Stirling Rd $399,000 Custom 14  $290,000 73% 145  22 Mitchell Ave $399,900 Bi-Level  9  $375,000 94% 11  15 Ferguson Rd $489,900 Ranch  7  $460,000 94% 19  1 Kalman Ct $504,400 Contemp 9  $495,000 98% 112  15 Sneider Rd $549,000 Ranch  8  $478,000 87% 98  1 Canterbury Ct $625,000 Colonial  12  $626,000 100% 14  22 Spencer Ln $639,000 Colonial  9  $610,000 95% 66  2 Michele Ln $699,000 Colonial  10  $630,000 90% 148  94 & 96 King George Rd $699,994 Ranch  10  $585,000 84% 698  4 Crest Ln $739,000 Contemp 10  $645,000 87% 117  9 Mountain View Lane $760,600 Colonial  13  $650,000 85% 237  6 Cardinal Dr $799,900 Colonial  10  $790,000 99% 37  89 Morning Glory Rd $799,999 Colonial 10  $775,000 97% 223  38 Johns Drive  $801,000 Ranch  7  $801,000 100% 0  8 Betsy Ross Dr $830,584 Ranch  8  $830,584 100% 112  60 Old Smalleytown Rd $835,000 Colonial 12  $800,000 96% 573  84A Mountain Ave $849,900 Colonial  11  $818,016 96% 40  12 Old Dutch Rd $989,000 Colonial  11  $890,000 90% 151  4 Evergreen Ct $1,325,000 Colonial  12  $1,250,000 94% 29  37 Mt Horeb Rd $1,350,000 Colonial  13  $1,250,000 93% 92 

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