The Greater Erie Board of REALTORS MLS stats through May show that new listings coming on the market are still down from 2008 and 2007. 15.9% less and 26.7% less, respectively. YTD through May, 1,514 new residential listings have come on the market.
Currently there are 1,314 homes available for sale in the MLS. The average days on the market (DOM) is 134. Average list price is $152,591.
Here is how a few markets compare:
City of Erie: Available - 357, DOM - 124, List Price - $105,067
Millcreek: Available - 259, DOM - 112, List Price - $254,580
Corry: Available - 52, DOM - 144, List Price - $138,548
North East / Greene: Available - 56, DOM - 95, List Price - $261,907
Albion: Available - 52, DOM - 139, List Price - $116,630
Want to know about a specific community or neighborhood, just let me know and I'll get the information to you.
I'm seeing this low inventory lead to many multiple offer situations and back-up offers.