In Nottingham, the average sold price has held steady for the last two months (December and November 2011), but is down slightly from the year before. Breaking it down a little further, the attached average sold price dropped $33,139 from the month prior, and $46,110 from December 2010. However, the detached average sold price has held relatively steady. 

We do see an increase in market activity in December 2011, with eight more homes sold in December than the prior month, but the average days on market increased by 18 days. However, the average days on market did decrease 30 days from the average calculated for December 2010.

Even though these local real estate numbers by zip code give us a lot of information about how our local market is doing, much depends on the inventory sold that month. For example, a single family home's value can vary immensely by square footage, number of bedrooms and bathrooms, updates to the home, etc. Because of such variation, we expect the numbers each month to fluctuate a bit based on the inventory sold in that month.

If you would like to get more information specific to your type of home and your subdivision or immediate neighborhood, feel free to contact me by email at Rebecca@RebeccaJenkinsRealtor.com for this information.