Real Estate Report by m.s.Woods Real Estate, LLC. – While not every stat looked pretty in October, the Greenfield real estate market showed significant improvements in at least key indicators: Pending sales and listings. October’s total of 41 pending sales, while unchanged versus the previous month’s total of 41, was nevertheless 28.1 percent improved versus last year’s total of just 32 during this same month. And, from September through October of this year, there were 41 pending sales in the pipeline, or 5.1 percent more, compared to this same period last year.
October marked the third consecutive month that the number of homes for sale in Greenfield fell. Total listings also improved by 5.7 percent, falling from 300 in September to 283 in October. Compared to last October’s total of 310 listings this is an 8.7-percent decrease. And from September through October of this year there were on average 295 homes on the market each month relative to same quarter 1 year ago, which equates to a decrease of 8.4-percent. One more stat that concerns listings: Of the 283 homes listed for sale in October, 59 were new listings. This is up 13.5 percent versus the previous month’s total of 52, and up 11.3 percent versus last October’s total of 53. The 12-month average number of new listings placed on the market each month in Greenfield is 60.
The 41 closings that took place in October represent a 10.8-percent increase versus the previous month’s total of 37. However, compared to October of 2011’s total of 44 this is actually a 6.8-percent decrease. And, from September through October of this year, there were 4.4 percent fewer closings each month compared to this same 3-month period in 2011.
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