Whether buying or selling, one characteristic to consider when choosing an agent is their knowledge of the market. We believe it is critical for our clients to have current, relevant information. According to the National Association of Realtors “2016 Profile of Home Buyers and Sellers”, 92% of buyer respondents rated an agent’s knowledge of the real estate market as “Very Important.”
Real estate is local, not only to a community, but also to different price ranges. While one price point may be performing very well, there may be others that are not. Therefore, we track not only the overall market information for Mattoon and Charleston, but we break each community into 13 different price ranges. Click here If you would like to receive our monthly report. Otherwise, check back monthly for some highlights that we observed in the market.
Mattoon experienced a drop in both the YTD median sale price and the YTD average sale price. The YTD median sale price slipped from $82,750 through July to $82,000 through August. Falling by 2.4% from July, YTD average sale price through August is $102,422. Currently, 2018 is above last year by 5.1% for the median and 9.5% for the average.
*Please note, data for prior years are based on the entire year, not YTD.
Rebounding from a July that was light on closings, August had 24 closed units and increased the YTD total to 153. Beating the 10-year average for closed units in August, 21.7, pushed the YTD total of 153 over the average of 152.8 units closed over the past 10-years for the same period. August also helped narrow the YOY difference from -12.2% last month to -8.9% this month.
Only increasing by one to 119 active units on September 1st, there was no real significant change MOM. There is a more significant difference, -6.7%, when comparing 2018 to the 5-year average
Following a strong MOM gain in pending units last month, September 1st pendings fell by three to 25. This is well below the 38 on September 1st of last year.