Sales, Prices Up in Fair Haven Real Estate

The Fair Haven real estate market is filled with good news for both sellers and buyers, real estate blogger Len Dunikosi says.

"Sales are up, prices are up, and homes are selling faster," he said in his latest blog. "If you’re thinking of buying a home in Fair Haven, you can be happy that the median sales price went up by just 1 percent and that there are more homes available for sale than there were a year ago."

Dunikoski culled some comparative information for the 2013 Fair Haven market compared to 2012 and summed it up with a comment in each category.

The information is as follows:

                         Fair Haven Home Sales, Jan. 1 to  Dec. 31


                            2012                2013                Comment

Sales (Demand)          91               108                  19% more sales.

Listings (Supply)         26              32                      23% more listings.

Months' Supply           4.9               3.2                   Demand vs Supply
(Abosprtion Rate)                                                   much stronger

Average Sale              $747,500      $805,139           8% higher average

Median Sale                $662,500      $667,000           1% higher median.

Average Listing           $784,443      $842,206            7% higher listing.

Average Sale/List %     95.3%          95.6%                Similar Sale/List %.

Average Cumulative        107              85                   Fewer CDOM
Days on Market