The Danville Real Estate market for single family detached homes is still strong and boasts an inventory absorption rate of 1.24 months.
The inventory absorption rate is almost identical to where it was at my last Danville Real Estate posting on January 5. We have seen the number of active listings creep up a bit but so have the number of Pending sales. While there are many short sales in the Pending category we have had 8 closing sales during the month of January. I put together a video of my projections for the year and I have not seen anything yet that would cause me to revise these projections.
Current Danville Real Estate Statistics:
There are currently 98 active single family detached homes on the market in Danville. The average list price for these homes is $1,261,754 with the highest priced listing at $3,994,000 and the lowest at $475,200. The average price per square foot is at $428 and the average days on market at 105 days. There are 79 Pending sales in Danville with an average list price of $897,357. The highest priced pending sales is listed at $2,395,000 and the lowest at $449,000. The average price per square foot for these sales is at $322 and the average days on market at 62 days. There have been 8 closed sales of single family detached homes in Danville during the month of January. The average sales price for these homes is $1,072,000 with the highest listed at $1,575,000 and the lowest at $635,000.
