This information is based on Weston Single Family Homes only excluding REO’s, Short Sales, and Foreclosures.
The number of active listings is 3% up compared to last month, while the sold properties are down 38.7%.
The pended are down 5.4% compared to last month. 53 contracts have been written and are anticipated to close.
The average price per square foot of a single-family residence is approximately $207.3 per square foot, which is an increase of 10.2% over last month.
Homes remain on the market an average of 55 days, a decrease of 6.8 over last month. Homes are selling within 93% of their originally listed price.
The average listed price in Weston is $899,000.00 a 0.8% increase over last month, which doesn’t mean that you are not going to find homes on the $475,000.00 median price. The average sold price is $585,000.00 which is an increase of 8.9% over last month.
Important information: Months of Inventory. Currently, Weston is experiencing 4.2 months of inventory which is indicative of a Neutral or more healthy market. This is a 68.1% increase from last month.
A Buyer’s market is more than 6 months of inventory. A Seller’s market is less than 3 months of inventory. A Neutral market is 3 – 6 months of inventory.
It is time to list, time to sell, time to up-size, time to downsize — money is still inexpensive to borrow.
Consider what is happening nationally: