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Home Sales Remain Steady, Prices Slip in October


By Andrew Einsmann

In October, the Germantown housing market saw a leveling off period as more people are into the school year grind. A total of 78 houses were sold resulting in a total volume of $23.7 million dollars of housing.

While the total units sold increased by 1 unit from September, the median price had decreased from the month before. In September, 77 houses were sold at a total volume of $25 million. The average days for a house to be on the market, has increase to 60 days which is 10 days more than last month and increase of the days on the market as last year.

We are seeing a slowdown in the market which is a standard occurrence when school is in full swing. This is the time of year that is time of year in this area where buyers need to seriously consider taking their property off the market. A little know local real estate secret is that if you take you house off the market for 90 days or more and re-list in the spring, it appears on the multiple listing service as 0 days in the market and appears and if you just listed your property for the first time.