August Real Estate Update

Phew! It has been a busy summer for us REALTORS here in Allegany and Mineral Counties! The last real estate update I did was in June so I wanted to update you all with this great SELLERS market we currently have.

Last week I listed three homes in the $119,900-$129,900 price range. All three are under contract! Two with multiple offers.

Allegany County

Active Homes- 201 (This is down from my June update)

Pending- 148 (This is up from my June update)

SOLD in the Past 30 Days- 62 (This is up from my June update)

Average Sale Price- $119,353 (This is down from my June update)

Average DOM- 77 (This is down from my June update)

Mineral County

Active Homes- 60 (This is down from my June update)

Pending-45 (This is up from my June update)

SOLD in the Past 30 Days- 22 (This is DOUBLED from my June update)

Average Sale Price- $157,441 (This is slightly down from my June update)

Average DOM- 57 (This is up from my June update)

Click here to see June’s Real Estate Update.

Takeaway? The active inventory in both counties is DECREASING. The amount of pending and sold homes are continuing to INCREASE. This is a very strong market! We need inventory desperately! Curious to know more? Tune into WCBC tomorrow morning around 9am to hear my thoughts!