Interesting. Greenhaven’s real estate market has always been interesting and this month is no exception. A total of 18 homes sold this month, which year over year shows a drop in sales by 28%. 11 foreclosures and 3 short sales sold along with 4 non-distressed homes. The numbers looked quite a bit different last year at this time with 3 foreclosures, no short sales and 22 non-distressed homes.

The average sold price per square foot is almost unchanged over last month at $169.34 but shows a drop of 18.2% year over year! Interestingly enough, the average home sold is also 18.2% bigger year over year. This might be a case of homebuyers making the most of the lower prices to afford bigger homes. Average sales price is down year over year by a small 3.3% and higher than last month’s average sales price. It is currently $346,394. Median sales price is currently at $261,500.

Inventory is currently at 4.2 months based on the last year of sales and 5.3 months based on the last six months of sales, pointing to the slowing trend in home sales. Greenhaven still has 28 short sales still on the market, dragging out its recovery.

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