Q3 2018 – Georgian Triangle Market Report

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Market Report Third Quarter 2018

Q3-2018 – Georgian Triangle Market Snapshot

OVERVIEW

SECOND BEST Q3 VOLUME EVER, AVERAGE PRICE UP NICELY

YEAR-TO-DATE SALES VOLUME OF $714,874,885
Down 17% from 2017’s record $859,742,015, with units of 1460 down 20% from 2017’s 1817. New listings of 2582 down 6% from 2017, with the sales/listings ratio of 57% down 9%.

THIRD-QUARTER SALES VOLUME OF $250,777,875

Up .2% from Q3-2017’s $250,046,011. Units of 509 were down 6% from Q3-2017’s 541, with new listings down 1% and expired listings up 9%. The sales/listings ratio of 56% was down 3%.

THIRD-QUARTER AVERAGE SALE PRICE OF $492,687
Up 7% from Q3-2017’s $462,192 . Average days-on-market of 49 was up 7 days.

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