The real estate market in Danville continues to move ahead with an increase in both inventory and pending sales
As of today there are 197 active listings for detached single family homes in Danville. Additionally there are 56 pending sales which gives us 3.5 month of inventory currently active. The uptick in both sales and pendings may have something to do with the increased confidence in the buying public as a result of the positive news on the financial markets. In addition the current interest rates for loans are extremely low. There is also some concern regarding a period of high inflation looming in the future so we are seeing savey buyers looking to secure their new homes with low interest fixed rate mortgages as a hedge against future, and undoubtetly higher interest rates.
The average list price for the 197 current active listings is $1,334,110 with a high of $5,300,000 and a low of $525,000. The average price per square foot is at $420 with a high of $2,243.59 and a low of $235.26. The average days on market is 93 days with a high of 370 and a low of 1. There are 56 pending listings on the market with an average price of $851,530 with a high of $1,899,000 and a low of $399,950. The average price per square foot is $328 with a high of $508 and a low of $202.38. The average days on market is 67 with a high of 364 and a low of 0.
