Macon County Residential Real Estate Update
Posted by Ryan Campbell on
There’s good news for the residents of Macon County: not only is our Real Estate Market doing well, we remain the most affordable housing market in the country.
Here’s the good news, by the numbers:
- The average sales price of a home rose from $109,859 in 2018 to $118,195 in 2019 which represents an increase of 8%.
- Days on market averaged 85 in 2018 and 66 in 2019 which represents a decrease of 29%.
- The average sale-price to list-price ratio was up to 96% in 2019, representing an increase over 2018’s 95%.
- A lack of housing inventory over the past year is the main factor driving these positive numbers. At the time of this publication, there are less than 400 active residential listings being marketed in the Multiple Listing Service (MLS).…
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