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Listed vs. Pending Properties: Totals include all existing single family residential properties located in the following school districts: SCASD, BEASD, BESD, PVSD as of the first business day of each month.
Above data based on information from the Centre County Association of REALTORS® MLS for the period indicated.
Tracking Mortgage Rates: As of the 1st business day of the month, approximate 30 year mortgage Interest Rate for qualified buyers with a credit score of 740 or above with approximately 5% down payment.
Above data based on information from the Centre County Association of REALTORS® MLS for the period indicated.
| Date | Avg DOM | Median Sale Price | Avg Sale Price | Avg List Price Received | Total Homes Sold | Peak Sales Month |
|---|---|---|---|---|---|---|
| 2012 | 86 | $189,900 | $214,374 | 93.53% | 1442 | April |
| 2011 | 111 | $186,900 | $214,145 | 93.23% | 1278 | June |
| 2010 | 101 | $183,500 | $204,088 | 93.39% | 1372 | April |
| 2009 | 92 | $179,000 | $196,961 | 94.12% | 1397 | June |
| 2008 | 88 | $185,500 | $212,515 | 94.24% | 1450 | April |
DOM (Days on Market) still increasing. The average property took 111 days to secure a buyer. Add an additional 45 days (on average) for the buyer to complete home inspections and secure a mortgage. That is over 5 months, on average, from start to finish to sell a property. Above data based on information from the Centre County Association of REALTORS® MLS for the period indicated.
The sold by price range data above outlines the total number of existing properties sold in 2012 by price range. When marketing a property, this information can be very helpful in setting the correct price.
Above data based on information from the Centre County Association of REALTORS® MLS for the period indicated.
As they say “Time is Money”. That is certainly true in residential home sales here in Centre County. The chart provides a clear picture as to the effects of “Days on Market” to final sales price. On average, the longer a property is on the market the less it sells for.
Above data based on information from the Centre County Association of REALTORS® MLS for the period indicated.
DOM (Days on Market). Based on closed sales by month indicated, the average number of days it took for listed properties to receive an acceptable offer. (Add an additional 30-60 days from receipt of acceptable offer to closing). Totals include all existing closed, single family residential properties located in the following school districts: SCASD, BASD, BEASD, PVSD as of the first business day of each month. Above data based on information from the Centre County Association of REALTORS® MLS for the period indicated.
