2020 Q4 Market Report_Digital | Page 30

Morningside | Q4 2020
Including Lenox Park
DETACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

6

Total Homes
Sold

23

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
6
23 $ 803 $ 758 38 1.3
21
19 $ 714 $ 699 65 6.3
-71% + 21 % + 12 % + 8 % -41% -80%
Average List Price ( 000 )
$

803

Average Sold Price ( 000 )
$

758

Average Days On Market
38
Months ’ Supply

1.3

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .
Source : Trendgraphix All data believed to be accurate , but not warranted .
Morningside | Q4 2020
Including Lenox Park
ATTACHED HOMES UNDER $ 1M
Q4 2020 Q4 2019 % change
Total Homes
For Sale

1

Total Homes
Sold

5

Total Homes for Sale
Total Homes Sold Average List Price ( 000 ) Average Sold Price ( 000 ) Average Days on Market
Months ’ Supply
1
5 $ 423 $ 367 14 1.1
11
4 $ 491 $ 396 37 9.3
-91% + 25 % -14% -7% -62% -88%
Average List Price ( 000 )
$

423

Average Sold Price ( 000 )
$

367

29
Average Days On Market
14
Source : Trendgraphix All data believed to be accurate , but not warranted .
Months ’ Supply

1.1

SELLER ’ S MARKET
0-6 Months ’ Supply
Demand exceeds supply driving home prices up , giving the seller the upper hand in negotiating .
6 Months ’ Supply
Balanced market with stable supply and demand
BUYER ’ S MARKET
6 + Months ’ Supply
Supply exceeds demand , driving home prices down , giving the buyer the upper hand in negotiating .