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Local Home Sales Slow in October, But Healthy Annual Pace Continues

Posted on November 30, 2015

Local Home Sales Slow in October, But Healthy Annual Pace Continues

The graph below shows the annualized sales of single-family homes  in Leon county over the last 12 months.

The latest information for October continues to show that the resale market is slowing a bit when compared to the significant increases experienced in the first part of the year.

However, the current annual rate of single-family home sales, which is 2,887 units, is still on pace for a double digit increase over the previous year.

There were 261 single-family homes sold in September. That number fell by 30% to 200 units in October.

As we have previously reported, if the current trend continues for the next three months, 2015 will be the third year in a row that single-family home sales has increased by double digits.

Single family home sales increased by 17.8% in 2013, 12.8% in 2014 and are projected to increase by approximately 17% in 2015.

RENOV2015Sales

 

The graph below shows the annualized average sales price  of single-family homes  in Leon county over the last 12 months.

The last 12 months have seen an approximate 5.0% increase in the average sales price of single-family homes.

This increase comes after a 3% increase in 2014 and a 4% increase in 2013.

The average sales price of a single-family home in 2013 was $201, 000. Based on the most recent three months of information, the average sales price of a single-family home in Leon county is approximately $220,000.

RENOV2015SalesPrices

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