DAYS ON THE MARKET IN SAINT CLOUD
This is How Long is Taking To Sell Homes In Saint Cloud (updated monthly)
OCTOBER MARKET REPORT FOR ZIP CODE 34771
In 34771, the median sold price for Single Family Homes properties for October was $340,572, representing an increase of 3.2% compared to last month and an increase of 9.6% from Oct 2019.
The average days on market for units sold in October was 39 days, 25% below the 5-year October average of 52 days. There was a 3.2% month over month increase in new contract activity with 65 New Pendings; a 3.8% MoM decrease in All Pendings (new contracts + contracts carried over from September) to 101; and a 3.5% decrease in supply to 83 active units.
This activity resulted in a Contract Ratio of 1.22 pendings per active listing, no change from September, and an increase from 0.52 in October 2019. The Contract Ratio is 83% higher than the 5-year October average of 0.67. A higher Contract Ratio signifies a relative increase in contract activity compared to supply, and indicates the market is moving in the seller's favor. A lower Contract Ratio signifies a relative decrease in contract activity compared to supply, and indicates the market is moving in the buyer's favor.
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