How is the greater Ithaca residential real estate market doing this year compared to last?
2013 YTD 545 non lake front residential properties sold.
Avg sale price $198,691
Avg DOM (days on market) 153
Avg list/sale ratio 95%
Lowest sold price $15,000. Highest sold price $710,000
2014 YTD 552 non lake front residential properties sold.
Avg sale price $202,549
Avg DOM 139
Avg list/sale ratio 96%
Lowest sold price $8,000. Highest sold price $965,000
If this trend continues, we are on track to sell more units this year than last. Compared to last year at this time, the number of residential sales is up, the average sale price is up and the average days on market is down. All positive signs pointing to a solid real estate market.
Stats courtesy of the Ithaca Board of REALTORS mls.
