Erie Monthly Market Update – Condominium/Townhome

Town of Erie Condominium/Townhome (Attached)

Information provided by IRES and Metrolist Information Services.

ERIE ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 71 39
Average Sales Price $321,222 $334,825 +4.2%
Median Sales Price $285,000 $310,000 +8.7%
Average Days to Contract 22 40 +81%

 

(Attached Dwelling – % Under Contract)

ATTACHED DWELLINGS Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
OVERALL         33% 46% 33% 36% 53% 63% 32% 50% 57%

 

(Attached Dwelling – Inventory)

ATTACHED DWELLINGS Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
ERIE 31 27 20 7 9 13 13 11 17 16 19 10 21

 

(Attached Dwelling – # Sold)

ATTACHED DWELLINGS Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
ERIE 9 5 13 17 8 1 3 5 1 6 9 4 8

 

(Attached Dwellings – Absorption Rate in Months) Based off 6-month sales average

ATTACHED DWELLINGS Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’
ERIE         .95 1.36 1.66 1.4 3.88 4 4.56 2.14 3.82