The average sale price for our market area has increased each year for five years.
Today I want to share an interesting statistic for the month of August that we’ve been tracking over the past five years: the average home sale price.
In August 2015, the average sale price in our market area was about $305,000. In the next year, the average price would go up 5%. From 2016 to 2017, it went up 2.5%. The next year, it jumped up by 5%. Between 2018 and 2019, it went up another 2.5%. And between last year and this year, the average sale price rose by 14%.
“Now might be the best opportunity we’ve had in the past 15 years to sell your home.”
Part of the reason behind this is an influx of buyers from New York and high-density areas coming into our market to buy up homes, which drives up prices. That means that now might be the best opportunity we’ve had in the past 15 years to sell your home.
If you’ve been thinking about listing your home, reach out to us. We look forward to working with you.