Market Report for Queen Creek 85142 September 2012
October 24, 2012
The Market Report for Queen Creek 85142 September 2012 reveals a number of interesting statistics regarding the local real estate market. The 85142 zip code includes neighborhoods such as Montelena, Morning Sun Farms and The Villages at Queen Creek.
The local market insight tells us that the number of new listings in September 2012 dropped by 26.1% from August 2012, from 161 new listings down to only 119. The number of new contracts, however, rose 3.8% to 135, up from 130 in August. The number of closed sales fell 20.3% from August, from 118 closings to 94 closings in September. The great news is that the median sold price continues to increase and was up to $174,000 in September, up 7.1% from August 2012 and up 24.3% from September of 2011. Our market is moving in an upward positive direction overall!
The number of active listings based on the Market Report for Queen Creek 85142 September 2012 was 247. The average days on the market (DOM) was 51 days which dropped significantly from August’s average of 66 days. Another piece of exciting news is that the average percentage of homes that sold over their listing price was 99.6%! The market is competitive and buyers are willing to offer above listing price in many cases to ensure their offer is accepted.
If you are thinking about selling your home, it is a great time to list. Homes are selling quickly due to the low inventory on the market and there are still more buyers than sellers. Mortgage rates continue to remain low, so it is still a great time for qualified buyers to jump into the real estate market again. Please feel free to contact Karen Berg at 602.919.2375 with any questions related to the current real estate market, or buying or selling a home! Real estate is my passion! I hope you have found the information helpful in this Market Report for Queen Creek 85142 September 2012.
We’re looking forward to hearing from you soon!