These were the existing Homes for Sale December 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
December 2012 Home Sales Zip Code 36054
November 2012 Home Sales Zip Code 36054
These were the existing Homes for Sale November 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
Millbrook-Deatsville Market Statistics December 2012
Market Action Index
Residential house prices are a function of supply and demand, and marketplace. The Market Action Index conditions can be characterized by analyzing those factors.
Average Sales Price
The median home price is one of the most common measurements used to compare real estate prices in different markets, areas and periods. It is said to be less biased than the mean (average) price since it is not as heavily influenced by small number of very highly priced homes. Home prices are limited by various factors, such as the incomes of potential buyers, the cost and ability to construct new property to increase supply, and demand for rental units. Since eighty percent of all homes purchased are purchased with a mortgage, the ability to make payments, borrow money, and the cost of borrowing money are major influences limiting how far prices can rise before hitting resistance due to prices hitting levels where potential buyers are unable to qualify. In general the ratio in the US are home values at 2-4 times annual income levels.
Average Days on Market
Days on the Market Property is a measurement in days of how long that a home has been listed for sale to the public on the MLS (Multiple Listing Service). The days on the market statistic is of interest when a person is valuing real estate for the purpose of comparison. More days on the market than average may indicate a listing that was overpriced. The other use for this statistic is allowing prospective home sellers an idea of how long it may take to sell a property.
Average Days on Market
Average Sell Price to List Price Ratio
The chart below represents the average actual sale price, versus the original listing asking price. The chart is grouped by property type.
October 2012 Home Sales Zip Code 36054
These were the existing Homes for Sale October 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
September 2012 Home Sales Zip Code 36054
These were the existing Homes for Sale September 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
August 2012 Home Sales Zip Code 36054
These were the existing Homes for Sale August 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
July 2012 Home Sales Zip Code 36054
These were the existing Homes for Sale July 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
June 2012 Home Sales Zip Code 36054
These were the existing Homes for Sale June 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
May 2012 Home Sales Zip Code 36054
These were the existing Homes for Sale May 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
April 2012 Home Sales Zip Code 36054
These were the Homes for Sale April 2012 for Zip Code 36054 for Millbrook and Elmore County including subdivisions Thornfield, Grandview Pines, Mill Ridge, Winter Lake, Magnolia Ridge, and The Columns. How to use: Find the Price Range in which your home falls. This will show the number of active listings (your competition if you are selling), the number of homes that closed in the last 90 days, the number of homes that close on average in a month, the Percentage Closed Monthly (the likelyhood that one home will close in a month), and the Months of Inventory (how many months worth of homes to sell if no other homes come on the market). A high Months of Inventory figure indicates a chance for a better bargain for buyers. For a personalized report, feel free to contact me.
