The Latest Real Estate Trends in Mandeville: The Truth Behind What is Selling and What Is Not
Thinking about selling your Mandeville home but want clarity on what is actually selling in today’s market? Well here’s the scoop:
Homes between $150,000-$199,999 are moving with an average days on market of 47 days. The market has slowed slightly in this price point considering the historic 6 month average days on market has been 38 days and our current average days on market is 47 days.
Homes between $200,000-$249,999 are still moving and selling in 2.4 months! However, we are felling the shift at this price point – the average days on market has jumped from the historic 6 month average for 31 days to the current 56 days.
Homes between $250,000-$299,999 are taking about 3 months to sell (2.8 months exactly). In the last 6 months the average Days on Market has been 55 days, we are now seeing that average closer to 68 days….the market has slowed slightly.
Homes between $300,000-$349,999 are taking about 4.4 months to sell! While this is actually an improvement: current days on market is 51 days while the historic 6 month average has been 55 days. There are 31 homes on the market in this price point so buyers have the advantage of being choosy.
Homes between $350,000-$399,999 are selling in 2.8 months! The average days on market is 68 days compared to the historic 70 days on market.
Homes between $400,000-449,999 are selling in 4.1 months! The current days on market is 90 days compared to the historic 6 month average of 104 days.
If you are interested about learning more about the Mandeville Real Estate Market give us a call at 985-778-2525 today.
Interested in learning more about our Guaranteed Sale program? Check out www.GuaranteedSaleNola.com. We have the knowledge and expertise to get your home sold in today’s market!