Real Estate October 18, 2009

Moses Lake Real Estate

 

Total Active Residential Listings of of 10-16-09……………………….346

Currently in Pending & Pending Inspection……………………………..84  with an average listing price of $193,807 @ 114 days on market

In the last 6 months 159 residential properties have sold with an average sale price of $190,894 @ 142 days on the market.

Month of September & October

We got 77 new listings since the beginning of September

We have 56 homes in Pending & Pending Inspection since the beginning of September

Of those 36 homes have sold since the beginning of September.

We have in the past 2 weeks seen a small slow-down in the market with a marked absence of pendings and new listings.  As we go into the Holiday season people are going to want to hold off wanting to do a big move before Thanksgiving and Christmas sneak up on us.               

There will be a rush of closings at the end of November that we hope the Title companies can accommodate in time for the First-time Home Buyers Credit.

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