Erie Monthly Market Update – Condominium/Townhome

Town of Erie Condominium/Townhome (Attached)

Information provided by IRES and Metrolist Information Services.

(Rolling 12-Month Comparison)

ERIE ATTACHED DWELLINGS 2017 YTD 2018 % Change
Total Units Sold 71 18
Average Sales Price $321,222 $346,075 +7.7%
Median Sales Price $285,000 $332,050 +16.5%
Average Days to Contract 22 41 +86%

(Attached Dwelling – % Under Contract)

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

 

(Attached Dwelling – Inventory)

ATTACHED DWELLINGS May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
ERIE 25 24 31 31 27 20 7 9 13 13 11 17 16

 

(Attached Dwelling – # Sold)

ATTACHED DWELLINGS May 17’ Jun 17’ Jul 17’ Aug 17’ Sep 17’ Oct 17’ Nov 17’ Dec 17’ Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’
ERIE 2 6 5 9 5 13 17 8 1 3 5 1 6

 

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

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