FEBRUARY 2020 BP NEWSLETTER
January 2020 was a Seller's Market!
The number of for sale listings was down 33.9% from one year earlier and down 12.9% from the previous month. The number of sold listings increased 3% year over year and decreased 32.3% month over month. The number of under contract listings was up 35.2% compared to previous month and up 8.4% compared to previous year. The Months of Inventory based on Closed Sales is 1.6, down 36.5% from the previous year.
The Average Sold Price per Square Footage was down 4.5% compared to previous month and up 5.4% compared to last year. The Median Sold Price decreased by 3.6% from last month. The Average Sold Price also decreased by 7.7% from last month. Based on the 6 month trend, the Average Sold Price trend is "Neutral" and the Median Sold Price trend is "Neutral".
The Average Days on Market showed an upward trend, a decrease of 5.8% compared to previous year. The ratio of Sold Price vs. Original List Price is 97%, an increase of 1% compared to previous year.
Maintaining a healthy home goes beyond dusting and vacuuming. When is the last time you checked your smoke alarms? How about the last time you cleaned out your dryer vent? Follow these tips to make sure your family and home are ready for a happy, clean spring season.
Spring can wreak havoc for allergy sufferers. Here are five simple things you can do to cut down on dust, mold and pollen.
Most people have questions about the process and what the appraiser will review when about the home. Most people feel a bit anxious about the appraisal since we all want our belongings to have more value than when we first purchased them. Check out the steps you can take to prepare your home for an appraisal.
9 Economical Ways to Increase the Value of Your Home Without Breaking the Bank
Homeowners have various reasons for wanting to increase their home’s value. Some people simply want to keep up with local trends while others wish to get a place in a better position in order to sell it. Regardless of the reason, there are some simple ways to add value without sinking a ton of money in the project.
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