Here are the sales over the past two years in Ford's Colony:
Nov-Apr May-Jul Aug-Oct
1.5% up 4.0% up 16.9% up
November 2010 to October 2011 showed a decline in the median values from $463,000 to $415,000. However, each period in the most recent year is higher than the same period one year earlier.
November 2011 to April 2012 was $470,000, and this remained almost the same for May 2012 to July 2012 ($467,000). August to October 2012 saw an increase of 3.9% ($485,000) from the prior quarter.
There were 23 sales from August to October 2012, which calculates to 7.67 units per month. There are currently 99 active listings. This calculates to a 12.91 month (99 divided by 7.67 units) supply of inventory in Ford's Colony.
Although it appears that the market is improving in Ford's Colony, it is still inconsistent (downward trend in median sales price last year and slight upward trend this year).