Robertson County Real Estate Market Update for November 2012
The news continues to get better for our local real estate market!
Through the month of November Robertson Co sales are UP 23% over the first eleven months of 2011.
Not only is the market up over last year for the same period, sales through November have already surpass year end totals for 2011, 2010, 2009 and are very near to passing 2008. This is the best real estate market for sales since 2007!
Prices have remained steady with an average sales price of $143,300.
The average Days on Market (DOM) have dropped 10% when compared to the same period last year. The average home is only the market 96 days before receiving an acceptable offer.
What most people don't realize is that the average home sales for 96% of it's current list price. So while there are still deals available, making low ball offers on every home may not be the best practice. What does that mean? Working with an agent that knows the market numbers, knows the local market as a whole and is a master negotiator is who you need working for you.
If you are thinking about buying a home or selling a home ask the agent you are thinking of hiring what their numbers are. What are their listings selling for? What are their buyers paying? Not all agents are created equal. If they have no clue what their numbers are......well, you may get what you pay for.
My current average listing (when working with the seller only) sells for 98.5% (2.5% more)
My current average buyer (when working with the buyer only) only pays 90.9% (over 5% less)
