The time of year when holiday concerns have lessened the interest in real estate has arrived. As you can see, sales in November were less than half of October. But as you can also see homes are still being sold and listed as the real estate market is a true reflection of the lives we live. Things change and we adapt.
With interest rates continuing to be low, it's still a great time to buy and sell. Interest rates are expected to raise in 2022. It all depends on the Federal Reserve's
response to the pressure of inflation.
Notice too, the average listing price is lower than the previous 5 months. That may be because the listing price is more accurate to the sale price. I added the Withdrawn row this month to begin tracking. This shows that about 10% of the houses active in November were withdrawn. Varying reasons: the holidays, market cool-off, lack of offers, change in plans. 2021Guernsey County
June July August Sept Oct Nov Dec
Active Listings 199 220 230 240 284 215
Sales 47 50 51 46 46 21
Average days to sell 70 75 43 80 71 68
New Listings 61 82 66 68 61 31
Pending Sales 54 48 40 37 46 55
Withdrew 25
Avg. Listing 138,372 195,301 217,555 188,019 150,258 131,388
Avg. Sell Price 151,492 159,780 149,689 140,450 140,251 143,773
List-sell Avg.% 109.48% 81.81% 68.81% 74.70% 93.34% 96.50%
