Here’s a look at the real estate market in Mason and West Chester for January 2018. There is a bit of a slow down as we move into the beginning of the new year. Take a closer look at the stats for this month to see what’s happening in these areas.
A Look at the Housing Stats for Mason
The current inventory numbers show an 8-month supply, which means that the market is considered balanced for this area. There were 9 three-bedroom, 16 four-bedroom, and 7 five-bedroom homes sold during the month of December.
A Look at Housing Stats for West Chester
Current inventory numbers show a 4-month supply. For the market in this area to be considered balanced there would need to be a 6-month supply. There were 30 three-bedroom, 53 four-bedroom, and 5 five-bedroom homes sold during the month of December.
What does this mean for buyers?
With the dip in prices, this may be the perfect time to consider a home purchase in Mason. Even with the current inventory, there is no guarantee in the coming months that we’ll see an increase in listed homes. If you have your eye on a new home, call your real estate agent today to set up a showing.
For buyers in West Chester, you’ll want to keep an eye on those inventory numbers because you’ll have less to choose from when you begin searching for homes. Keep in mind that someone else may have their eye on the home of your dreams. Don’t sit on the fence too long.
What does this mean for sellers?
Don’t let the slow-down usually seen this time of year stop you from putting your property on the market. Sellers in Mason should carefully consider their asking price and speak with their real estate agent to get an accurate comparison of homes in the area.
For sellers in West Chester, it’s more important than ever that you consider the asking price carefully. With the sharp rise in average sale price for homes in December, you’ll need to approach price setting with the help of your real estate agent to keep from losing money or taking the risk of your home sitting on the market too long.
Mason Homes for Sale
Here’s a look at the real estate market in Mason and West Chester for January 2018. Average sales prices dipped a bit in December for Mason, but West Chester saw a substantial rise in the average sales price.