Local Market Insight Report
The real estate market was more upbeat during 2013 than the, just ended, 2014 calendar year. Houses were on the market for an average of 80 days (slightly over 2.5 months) versus 43 days a year earlier. Nevertheless, recently the Days-On-Market number has fallen to 46 and sales have been stronger with the median price recovering to $881,250.
Given that the economic indicators at the beginning of 2015 are better than a year earlier it is likely that buyers will regain interest in the desirable properties of Georgetown.
Data source: MRIS.
Statistics calculated by RBI, Inc.