Erie Monthly Market Update – Single Family Homes

Town of Erie Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

ERIE SINGLE FAMILY HOMES 2017 YTD 2018 % Change
Total Units Sold 425 301
Average Sales Price $508,303 $535,267 +5.3%
Median Sales Price $480,000 $508,000 +5.8%
Average Days to Contract 33 32 -3%

 

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES 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’
UNDER $500K         73% 83% 73% 55% 74% 61% 74% 43% 46%
$500-$750K         35% 33% 43% 48% 52% 40% 41% 37% 37%
$750K – $1MM         33% 40% 50% 50% 33% 60% 44% 33% 20%
$1MM +         37% 29% 33% 30% 33% 18% 7% 6% 5%
OVERALL         49% 51% 53% 49% 54% 45% 44% 35% 34%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES 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 151 152 136 112 84 84 88 107 131 136 128 153 149

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES 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 32 30 39 37 23 20 35 25 61 40 33 39

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES 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         2.49 2.63 2.92 3.48 3.93 4.05 3.76 4.28 3.83