November home sales in Georgetown, TX
December 16, 2008 at 9:57 am , by Jenel Looney
| The holiday season has kept me from posting as often as I’d like. For the past week or so, I’ve been planning to write a nice, meaty article about home sales in the MLS areas of GTE and GTW (Georgetown East and West). Finally, today is the day. Hurrah! |
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| I had a recent online conversation with a former math teacher who suggested I provide information on the mean sales prices, rather than the average. Instead, I decided to do both, and to throw in the median prices, too. For the past five Novembers, the mean and median sales prices were nearly identical. |
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| As you can see clearly from this chart, the sales prices have continually risen, even in today’s tough real estate climate. For those of you trying to sell a home out there, please don’t use this as a reason to price your house too high. There are a lot of homes on the market. 597, to be exact. With just 57 sales this past November, that means we have more than 10 months of residential inventory at the moment. Buyers have the power. If you want to sell quickly, you need to price your house to sell. |
| The chart below tells another chapter of the November sales story. In 2007, homes spent an average of 74 days on the market. This year, that number jumped to 91 days. One home spent 330 days on the market before finally selling. That’s nothing compared to a house in Sun City Texas that’s been on the market but is finally now under contract. If you want to sell your home and get on with your life, then price your home to sell. Give the buyers such a deal that they simply can’t resist, and know that you’ll probably get just as big a deal on your next house. |
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Category Georgetown Real Estate / Tags: Tags: georgetown, Georgetown Real Estate, georgetown texas, georgetown tx, georgetown tx real estate, texas, /
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