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Today, we're going to take a quick look at the Iredell County real estate market. Specifically, we'll compare this year's market to 2014 from January through August.
In 2014 the actual number for closed residential residences was 1,494 units that closed. In 2015, we had 1,584 units close. That's 90 more units than last year, which means that the market is a bit better than last year.
The average sales price in 2014 was $268,000. In 2015, it is still $268,000. If you break this number down based on what area you are in, that number will definitely change.
As for days on market, in 2014, it took 138 days for a home to sell. This year, the number went down to 103. You would much rather have your home sold in 30 days, but on average, it's taking 103 days.
It's critical to understand that these numbers cover the entire county, and may not apply to you individually. You have to look at pricing, the condition of your home, and what things you need to do to improve your home and make it the most competitive home on the market.
If you have any questions, give us a call or send us an email. We look forward to hearing from you!
