After having just read a report on Bloomberg.com touting that home prices for May rose the most in more than seven years according to the S&P/Case-Shiller index, I thought I’d share the Burke market stats with you.
In July 2008, the average sales price in Burke was $420,357. Today’s average sales price is $442,626. In July 2008, the average Days on Market (DOM) was 32. Today, you can sell your Burke home in less than one week!
It’s true – and you can clearly see – that there are seasonal differences, but these graphs show that over a 5 year period, homes in Burke are selling for more, faster.