Erie Monthly Market Update – Single Family Homes

Town of Erie Single Family Homes (Detached)

Information provided by IRES and Metrolist Information Services.

ERIE SINGLE FAMILY HOMES 2018 YTD 2019 % Change
Total Units Sold 443 19 Insufficient YTD Data
Average Sales Price $536,153 $596,913 Insufficient YTD Data
Median Sales Price $510,750 $565,000 Insufficient YTD Data
Average Days to Contract 35 73 Insufficient YTD Data

(Single Family Homes – % Under Contract)

SINGLE FAMILY HOMES Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
UNDER $500K 83% 73% 55% 74% 61% 74% 43% 46% 50% 54% 42% 37% 53%
$500-$750K 33% 43% 48% 52% 40% 41% 37% 37% 35% 26% 36% 24% 35%
$750K – $1MM 40% 50% 50% 33% 60% 44% 33% 20% 33% 27% 8% 10% 33%
$1MM + 29% 33% 30% 33% 18% 7% 6% 5% 0% 15% 9% 11% 0%
OVERALL 51% 53% 49% 54% 45% 44% 35% 34% 35% 34% 34% 26% 36%

 

(Single Family Homes – Inventory)

SINGLE FAMILY HOMES Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
  84 88 107 131 136 128 153 149 164 154 134 117 118

 

(Single Family Homes – # Sold)

SINGLE FAMILY HOMES Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
  23 20 35 25 61 40 33 39 30 35 34 30 19

 

(Single Family Homes – Absorption Rate in Months) Based off 6-month sales average

SINGLE FAMILY HOMES Jan 18’ Feb 18’ Mar 18’ Apr 18’ May 18’ Jun 18’ Jul 18’ Aug 18’ Sep 18’ Oct 18’ Nov

18’

Dec 18’ Jan 19’
  2.63 2.92 3.48 3.93 4.05 3.76 4.28 3.83 4.32 3.89 3.82 3.5 3.78