Waldo Home Sales Stats-April 2019

We are in the middle of the peak Spring home buying season…yet sales are down in Waldo.  Prices are up, though.  Is the slowdown a lack of inventory, lack of demand or is Waldo following the national trend of fewer home sales?  Time will tell. Here are the stats for single family  home sales in Waldo, using the boundaries of State Line to Holmes and Gregory to 85th St:

April 2019                                                            April 2018

Median list price:        $239,000                      Median list price:      $209,975

Median sales price:    $220,000                     Median sales price:    $212,500

No. of homes sold:      31                                  No. of homes sold:       44

Days on market:         9                                      Days on market:         30

The lowest closed price last month was $95,000 and the highest was $382,000-highest sold price this year so far.  Below are year-to-date figures:

Jan-April 2019                                                      Jan-April 2018                                                   

Median list price:        $222,500                        Median list price:     $189,950

Median sales price:      $217,700                      Median sales price:    $193,000

No. of homes sold:         92                                 No. of homes sold:       120

Days on market:            16                                  Days on market:          16

Home prices are higher 12.8% compared to same time last year, even though fewer homes have sold.  Demand is still high for the well maintained, updated and move in ready homes.  Currently there are 23 single family homes for sale in Waldo, with a median list price of $255,000 and 14 days on market.

(All stats taken from Heartland MLS; deemed reliable but not guaranteed.)

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