33 – were the average days on the market in April. This is the number of days it took for sellers to accept a contract, not to close. This has ranged from 22 days to 55 days in the last six months.
96% – is the average of what sellers received on their listing price. This is based on the original price of the property, not the reduced price. This has ranged from 94% – 98% in the last six months.
748K – average listing price.
698K – average sold price
0.8 Months of Inventory – about 3 weeks. Months of inventory means the length of time it would take to sell all the homes listed in Eldorado at the current rate of sales. Historically, a six-month supply is associated with moderate price appreciation, lower levels keep prices up.
If you would like to discuss the current state of the Eldorado market or have questions about this wonderful neighborhood, please don’t hesitate to contact me.
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