Ralston Estates May 2017 market update

June 13, 2017
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# of Closed Sales: 7

Average Days on Market for Solds: 6

Median Sales Price: $438000

# of news listings: 9

Months of Inventory Last Month: 1

I know I sound like a broken record but May was another busy month in Ralston Valley Estates! We had 7 closes averaging $200/per square foot! But the most important thing to note (in my opinion) is the fact that May brought 9 new listings which we really needed for all of the buyers.

The biggest trend I’m seeing right now is the longer length of days on market. May was still great at 6, but in previewing the under contracts which will probably close in June, the average days on market is 9. Plus, our neighborhood currently has 7 active homes not under contract which is high compared to the last 5 months. Are we experiencing a hot, summer lull already?? Maybe buyers are just deciding to hold out a bit for their perfect property…