August 2017 Market Update

August was a busy month with over 23% more sales than in July. Compared to August of 2016, the market is up almost 15% in sales. Homes are also selling quicker this August than compared to last year, with the average days on market almost 30% less (28.32%).

A busy August has helped the Year-To-Date numbers for Macon County, but 2017 residential sales are still down 2.09% over the same time period in 2016.

Year to Date, Brinkoetter is leading the market. Out of 796 residential sales from Jan-Aug, Brinkoetter has taken part in 84.29% of those transactions, averaging over 2.8 real estate transactions every day.

 

Month of August, 2017

  Sales Avg. Sale Price List-to-Sell % Avg. Days on Market
Residential 131 $109,374 94.58% 77
Multi-Family 1 $2,179 27.23%  
Commercial 3 $158,333 91.45% 152
Lots & Land 1 $12,000 67.03% 95

 

Source: Decatur Board of Realtors Reporting

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