West Rouge Market Update – No Fluff, Just Facts
Three homes sold in West Rouge last month. They were originally listed at an average of $1,066,333 but adjusted down to $1,049,333. The final selling price? $1,050,000—slightly above the revised asking price.
It took 13 days on average to sell.
Right now, 9 homes are for sale. That gives us 3 months of inventory—right on the edge between a balanced and seller’s market. The absorption rate is 33%, meaning homes are moving but not flying off the shelf.
Bottom line: Buyers have some options, but good homes still sell. If you’re pricing right, you’re selling. If you’re overpricing, you’re adjusting. Simple.