The Decatur Township real estate, while improved in some key areas, was disappointing in others. The number of pending sales reported in November, 2012, for example, rose 15.6 percent, from 32 in October to 37 in November. But compared to last November this is actually a 2.6-percent decrease in pending sales. But this equates to a difference if just 1 pending sale. What’s more, the average number of pending sales reported from September through November of this year was off by just 1 compared to this same quarter in 2011. So all in all, it was not an especially month for pending sales.
There wasn’t a lot of good news to report insofar as closed sales were concerned. The most recent total of 33 closings represents a 32.7-percent decrease versus the previous month’s total of 49. Even compared to last November this is an 8.3-percent decrease overall. The one statistical ray of light—if it could be called that—came from the fact that the average number of closings that took place during September, October and November of this year was up 17.1 percent compared to this same 3-month period 1 year ago.
In the each of the months following August of 2012, the total number of homes for sale in Decatur Township have fallen no less than 7.7 percent relative to the previous month. Most recently, total listings fell 114.4 percent, from 167 in October to just 148 in November. But what is especially noteworthy is the fact that, compared to last November’s total of 212 listings, this is a huge decrease of 30.2 percent. Also, from September through November of this year there were, on average, just 165 homes for sale each month, or 26.7 percent fewer, compared to this same quarter last year.
View the complete, original report here.