The Meyers neighborhood saw mostly positive notes in almost all the categories we follow. Both the average and median home prices increased. The average increased by 7.8% while the median increased by 13.5%. The number of closed sales went up 44.4%. The days on the market (the time between listing and close of escrow) actually increased as did the dollar per square foot. The list to sale ratio went up slightly by 2.3%. The month supply of available homes decreased from 6.4 to 2.2 for the Meyers neighborhood. Under 4 months indicates a seller market.
Meyers Market Comparison | 2017 | 2016 |
---|---|---|
Number of Sales | 39 | 27 |
Median Home Price | $369,000 | $325,000 |
Average Home Price | $390,410 | $362,130 |
Average List to Sale Ratio | 98.6% | 96.4% |
Average Dollar Per Square Foot | $277 | $217 |
Days on the Market | 147 | 114 |
Month Supply | 2.2 | 6.4 |
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