Marshall County Homes Selling Much Faster On Average Than A Year Ago

By ACRE Research

Sales: According to ValleyMLS.com, Marshall County residential sales totaled 66 units during February, up 24.5 percent from 53 sales in the same month a year earlier. February sales were up 37.5 percent from 48 sales in January. Two more resources to review: Quarterly Report and the Annual Report.

For all Marshall County home sales data, click here.

Inventory: Homes listed for sale in Marshall County in February totaled 325 units, a decrease of 23.5 percent from February 2018’s 425 units, and a decrease of 0.6 percent from January 2019’s 327 units. The February months of supply totaled 4.9 months, a decrease of 38.6 percent from February 2018’s 8 months of supply. February’s months of supply decreased 27.7 percent from January’s 6.8 months of supply.Pricing: The Marshall County median sales price in February was $134,500, an increase of 12.1 percent from one year ago and an increase of 8.5 percent from the prior month. This direction is inconsistent with historical data (2014-18) indicating that the February median sales price on average decreases from January by 0.1 percent. The differing sample size (number of residential sales of comparative months) can contribute to statistical volatility, including pricing. ACRE recommends consulting with a local real estate professional to discuss pricing, as it will vary from neighborhood to neighborhood. The average number of days on the market (DOM) for the homes sold during February was 73 days, a decrease of 33.6 percent from 110 days in February 2018, and also a decrease of 33.6 percent from 110 days in January.

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