Nottingham Real Estate Market Update October 2015
Featherstone & Co. is outpacing the market by selling our listings, on average, almost 2 weeks faster than the Nottingham average!
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Below are market statistics for October 2015.
The total number of active homes on the market this October in Nottingham was 156 homes, down .64% from the same time last year.
Average Sales Price
Last October, the average sale price for Nottingham was $208,572. This year, average home prices ticked upward, on average, to $219,301, an increase of 5.14% or $10,729 compared to the same time last year.
There was an increase in total homes sold in October, with 46 sold this month in Nottingham versus 40 sold in September, an increase of 15.0%. Total homes sold in October increased 27.8% compared to 36 homes sold during the same time last year.
Up 15.2% from September, there were 53 homes that went under contract pending sale this October in Nottingham, up 23.3% compared to 43 homes during the same time a year ago.
Days on Market
In October, the average number of days on market in Nottingham was 69.