Hello Fort Hunters! We say good bye to another summer (sad faces), but look forward to getting back into schedules and cooler days. Let’s take a quick look at our August real estate statistics.

The chart below shows that our total sold volume is down both year-over-year and month-over-month. This directly correlates to the closed sales being lower, down 20 percent year-over-year and about 14 percent percent month-over-month.

Remember that this is not cause for panic in our neck of the woods, because we have so many varying price points, and some months include higher priced homes in the mix. Median and average prices are both holding fairly steady. Days on market numbers are back up this month.

We feel this is largely due to overpriced homes lingering on the market. Keep in mind that homes that are priced right in the buyer’s eyes are going under contract very quickly in our zip code.

Sold prices are about 97 percent of list price, meaning that sellers are getting an average of 3 percent less then list price.

Take a look at the August snapshot attached to this story, showing us what August sales and pendings look like over the last five years. We are having an August which seems in line with the past four years, with the exception of 2011, which was significantly stronger. 

Take a look at the chart below, and you can see that we are down a bit with total active listings year-over-year, and we also have a very similar amount of new listings and under contract.

What is noticeable here is that the number on pending and contingent contracts are both down pretty significantly year-over-year. September statistics will help us see if we are in a pattern or if this was an enigma. 

Lastly we have a sold chart breaking out specifics and illustrating the year over year comparison.

The units sold are down by five. This is not worrisome, but percentage wise it is down 20 percent. What you can see is that our average sold price to original list price ratios are up year over year. That is good news for sellers. You will also notice that the average list price is down year over year.

Due to price point variances, this isn’t too worrisome.

We wish you happy buying and selling and we would love to hear from you!

Please feel free to email us at Lseward@cbmove.com, or Jcole@cbmove.com or leave us a comment below. Hope you have a fantastic September and check back here in October for a look at our September stats.