Saginaw, Texas, Home Sales for October 2018
Twenty-three homes sold through our multiple listing service in October. These were not new homes sold by builders. The average sold price was $219,102, and the sold prices ranged from $164,000 to $282,500.
The biggest news for October was the increase in time on the market for homes for sale. The average days on the market shot up from 29 days in September to 41 days in October. Only seven homes sold in two weeks or less. Six houses were on the market for two months or longer. One home took 107 days to sell.
The average home sold for 98.73% of the list price, and eleven homes sold for full price or more. This percentage has not changed in recent months, but some sellers have lowered their original prices significantly before they arrived at a price that would attract a buyer. Other very desirable homes sold quickly for full price because there are still buyers looking for homes in Saginaw. Some potential buyers have been looking for their perfect home for months. When I recently listed a lovely home in Saginaw, I received one offer almost immediately, but earlier in the year I would have expected about five offers in the first few days the home was on the market.
If you or your friends and family have been thinking of purchasing a new home, this could be a good time to buy whether you are considering new construction or an existing home. Many new builders have large inventories and reduced prices on many houses. I can help find just the right new home. With the slower market, sellers of existing homes might want to consider benefits to buyers that haven’t been available to buyers for many months, such as contracts contingent on the sale of the buyer’s current home, requests for closing costs and reduced prices. I would be delighted to give you more information about the current market and how it could be advantageous for you. Please call me, text me or e-mail me if I can help you in any way.
– Kathleen Wheeler –