Market trends for May 2016

The current market trends have been very impressive this month.  According to the Homesnap App that is powered by Maris, our local MLS, posted a recent article by Homesnap on May 6, 2016 for zip code 62269 titled New Strong Trends in Home Sales for 62269 Zip Code Real Estate Market.  It reads:

"On top of a 15.6% spike in sales over the last 30 days, the 62269 zip code market extended a six-week hot streak with a total of 52 homes sold in that span. The median sales price dropped to $190,950 over the latest reporting period for the 62269 zip code, down from $206,500.

 

If there is no limit to how much you want to spend, take a look at these lavish homes in the 62269 zip code:..."

Demographic facts about the 62269 zip code:

  • The average elevation in the area is 548 feet.
  • The median income is $66,568 per household.
  • For every counseler there are 1,508 students in the area (513 = national average)

According to the same app, a separate post by Homesnap on May 12, 2016 for zip code 62025 titled 62025 Zip Code Real Estate Market Sees Home Sales Numbers Rise.  It reads:
 
"The 62025 zip code market got good news this week as sales rose 16.7% to reach 42 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months. To put it in perspective, the close-by 62040 zip code registered 46 homes sold in the same period, the most of all surrounding zip codes. The median sales price dropped to $183,000, down from last week's $195,500."
 
Demographic facts about the 62025 zip code:
  • The percentage of people who rent is 24.5%
  • This area has a job growth projection of 27.8% for the next 10 years.
  • The student to librarian ratio is 1,856:1. (803:1 = national average)
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