It was a pretty typical October for homes sales in Forest Heights. A total of 13 homes sold last month bringing the total for the year to 127, which is well behind the 172 that sold during the same period last year. Prices continue to increase. The average sale price this year is $533,000 and increase of almost 10% from the average of $485,000 at this time last year.
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Forest Heights |
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Monthly Market Update |
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October |
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2019 |
2018 |
2017 |
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Homes Sold |
13 |
13 |
15 |
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Average List Price |
$519,000 |
$534,000 |
$444,000 |
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Average Selling Price |
$533,000 |
$539,000 |
$450,000 |
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% of List |
102.7% |
100.9% |
101.4% |
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Days on Market |
12 |
18 |
17 |
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Year to Date (Jan 1-Oct 31) |
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2019 |
2018 |
2017 |
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Homes Sold |
127 |
172 |
165 |
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Average List Price |
$521,000 |
$477,000 |
$425,000 |
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Average Selling Price |
$533,000 |
$485,000 |
$455,000 |
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% of List |
102.3% |
101.7% |
107.1% |
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Days on Market |
13 |
17 |
14 |
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Strong demand for homes in Forest Heights has resulted in homes selling, on average, for more than list price and after just 13 days on the market. At the moment there are just 8 homes listed for sale in Forest Heights this represents less than one month of inventory (in an average month right around 15 homes sell).