Real Estate In Inverness is a very strong buyers market with very large inventory and a low amount of buyers. There is a 15.81 months supply of inventory on the market in Inverness on August 31, 2018.



Now is the Time to Buy!

The average market time for a Single Family Homes to sell in Inverness last month was 48 days.
It took on average 6 days to sell Inverness Condo, Townhouse or a Duplex.
The number of home sales in Inverness from July 1, 2018 through July 31, 2018 was 12 units. That is 1% above the number of homes sold last month in Inverness.

The average price per square foot in the area is now $107/Sq.Ft, which is 24% a decline from last month.



In Inverness there were 2 units sold in July in the price range between $220,500 – $321,952 with an average of 2 bedrooms and 1.5 bathrooms and average Square footage of 560SF.

In Inverness there were 6 units sold in July in the price range between $321,953 – $511,701 with an average of 3.8 bedrooms and 2.6 bathrooms and average Square footage of 2,425SF.

In Inverness there were 4 units sold in July in the price range between $511,702 – $600,000 with an average of 4 bedrooms and 2.9 bathrooms and average Square footage of 3,297SF.

The middle price range had the most activity. Homes up to $511,701 were on the market on average 49 days and sold an average of $387,058.

If you are looking for a new home for you and your family, or looking for an investment property, you can’t go wrong by getting a prime piece of real estate in Inverness. Search all Inverness homes for Sale on propertyup.com If you are considering viewing Inverness, you may want to do so now!

Inverness
Jun 1, 2018 – Jun 30, 2018
Jul 1, 2018 – Jul 31, 2018
Month
June
July
Average Listing Price
$756,088
$765,663
Median Sales Price
$547,030
$423,404
Month supply of inventory
14.9
15.8
Market Time Detached
26 days
48 days
Market Time Attached
21 days
6 days
Inventory
176 properties
176 properties
Low price range
$302,500 – $424,765
$220,500 – $321,952
Low price range market time
7 days
42 days
Low price range units sold
0
2
Low price range bedrooms
3.5
2
Low price range bathrooms
2.6
1.5
Low price range approx sqft
1,978 SF
560 SF
Mid price range
$424,766 – $621,014
$321,953 – $511,701
Mid price range market time
40 days
49 days
Mid price range units sold
7
6
Mid price range bedrooms
3.7
3.8
Mid price range bathrooms
2.8
2.6
Mid price range approx sqft
3,338 SF
2,425 SF
High price range
$621,015 – $695,000
$511,702 – $600,000
High price range market time
9 days
29 days
High price range units sold
4
4
High price range bedrooms
4
4
High price range bathrooms
3.4
2.9
High price range approxsqft
3,897 SF
3,297 SF