We’ve been seeing a few more listings coming on the market, which is a great thing for those buyers that haven’t been able to find ‘the one’. They’ll have a little more to choose from if they leap quickly. I’d also like to point out, from the chart, the steady increase in prices. Not all appraisals are catching up with what a buyer is willing to pay, but it is starting to get better. Overall, the market is strong in the Northland.
Clay/Ray County sales were down for the month by 8.9% from 2012. Units were at 357 versus 392 last year. Year to date, unit sales are down 1.8%, with 1,770 units this year versus 1,802 last year. The average sales price for the month was up 4.1% from last year, with an average price of $164,584. Year to date, the average price is up 5.6%. The average price is $150,777, versus $142,828 last year. New listings were up 39 units to 631 or 6.6% from last year’s 592 units. Inventory is down 7.1% from last year and is running at 1,987 units. Inventory is up 45 units from last month.
Platte County sales were up for the month by 3.1% from 2012. Units were at 163 versus 158 last year. Year to date, unit sales are up 8.1%, with 788 units this year versus 729 last year. The average sales price for the month was down 4.0% from last year, with an average price of $200,825. Year to date, the average price is up 2.5% from last year. The average price is $191,938 versus $187,353 last year. New listings in Platte County were up 43 units to 284 or 17.8% from the 241 units last year. Inventory decreased 12.0% from last year and is running at 870 units. Inventory is up 31 units from last month.
Sales for the entire Heartland area were at 2,688, down for the month by 7.6%, or 221 units. The average price was up 11.8%, and averaging $191,008. Year to date, sales were up 3.9% or 514 units for a total of 13,627 for 2013. The average price for the year is running at $171,784, up 8.3% from 2012’s average of $158,547.