The month of July was another great month for real estate in the Lafayette High School area. 68 homes sold/closed the month of July with an average number of days on market of 67. Compare that to July 2012 with 59 homes sold/closed and the average number of days on market of 112. Average sale price was up July 2013 at $400,220 compared to July 2012 at $321,738.
Other July stats:
- 38 homes came on the market.
- 9 of the 38 homes that came on the market went under contract the month of July.
- Total of 44 properties went under contract.
Interest rates are still at a historical low and that means it’s a better time to buy a house than when rates are higher. It also means you can get more house for your money. Since no one outside the head of the Federal Reserve can say for sure exactly when rates will go up until it happens, the time to act is now! So get out there and find your dream house today!
The Hyde Group
Delores Campbell, Debbie Hyde, Tara Crater
Coldwell Banker Gundaker
636-485-2743