Here’s a look at the real estate market report for Mason and West Chester for December 2018. The number of active listings in both areas shows a decrease this month. Let’s take a closer look at the real estate numbers for Mason and West Chester.
A Look at the Housing Stats for Mason
December in Mason began with 37 active listings, which is showing a decrease from last month’s active number. There were 63 pending sales, which is showing an increase from the 49 pending sales last month.
The average sale price for November was $332,407. This amount shows an increase from the $304,865 from the previous month.
The median sale price for homes in the Mason area was $279,000. This amount shows an increase from the $258,750 last month.
A Look at the Housing Stats for West Chester
We entered December in West Chester with 60 active listings. This number is down from the 93 active listings recorded last month.
The average listing price for homes sold in the West Chester area for November was $387,341. This amount is up from the $306,595 in October.
The average sale price was $283,900, which is down from the $300,877 last month. The median sale price comes in at $264,500, which is also down from the $279,859 recorded for the previous month.
What does this mean for buyers?
The number of active listings is showing a decrease this month over last, but the current pending sales are consistent with the current sales trends for the area. It’s not unusual for new listings to slow down a bit as we move into the winter months of the year.
Homes with three to four bedrooms remain the top choice for home buyers in both areas. There are a limited number of homes with five or more bedrooms, which makes signing up for new listing alerts even more important. Find out if you can afford the extra bedrooms by using the mortgage calculator.
What does this mean for sellers?
Sellers in Mason are receiving 97.28% of their listing price for homes sold. Homes in this area stay on the market for an average of 45 days.
Sellers in West Chester are receiving 97.12% of their listing price for homes sold. The average time a home stays on the market in this area is 35 days.