The Bill Lanier Team
40+ years in the Midland market
"WHERE TRUST AND OUR EXPERIENCE MATTER"
Midland Real Estate Trends For November 2013
The average Midland home sales price through October, 2013 is $253,807 up 7.09% over the first 10 months of 2012's $235,824. The homes for sale are at 362, up 21 homes over August's 341. The Midland market continues to reflect exceptional overall numbers for 2013.
The Lanier Team's amazing success continues. Year to date in 2013 we have assisted 151 families with their home needs, a substantial 12.6% increase over the same period for 2012. Our Team's competitive advantage, unique marketing style, in conjunction with our strategy of accurate positioning of our listings in the market, has resulted in our listings selling more than twice as fast as our competition. Even though our homes are selling at a significantly quicker rate they are bringing an unbelievable 98.3% of the listed sales price, all substantially superior to our competition.
Come to the Lanier Team, the market leader in experience and performance, for all your real estate needs.
Number of Homes Sold in October remains healthy with 155 units being sold as compared to last year's 150.
Average Days on the Market for the past month was a seasonal high of 45, nearly identical to last year's 41 days for the same month.
Average Sales Price year to date is $253,807 up 7.09% over 2012.
Median Sales Price for August was a record high $242,500 up 14.14% over last year's $208,200.
Available Inventory of 336 units is a record low for September as compared to 374 for the same period last year.
Available New Construction in the MLS increased to 42 units from May's record low of 32. The average list price for August is $461,868.
30 Year Fixed Mortgage Rates increased to a still very low 4.46% compared to last year's average of 3.66%.
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Business Development Map – City of Midland