It’s a new year and the buyers are out, searching for homes to purchase!  Inventory across the city was at a record low last month–less than two months’ supply!  I expect Waldo will be another hot spot for buyers in 2020.  

Below  are the stats for January 2020, and a comparison to last year. I’m using the Waldo boundaries of State Line to Holmes and Gregory to 85th Street.  Year-to-date comparisons will resume next month.

January 2020                                                             January 2019

Median list price:     $205,000                                  $219,900

Median sales price:     $197,500                              $206,100

No. of homes sold:        17                                             21

Days on market:           35                                             21

The highest closed price was $295,000 and the lowest was $42,000.  Although the overall sales price was lower than last year–the winter months are not very popular for buying homes and houses can set longer, with prices being reduced.  We will see if Waldo is as hot of a market this year as it was last year as we get into the warmer weather.

Currently there are 17 active single family homes listed in Waldo, with an average price of $255,000 and 77 days on market.

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