Promontory, Sardis Market Report – March 2023

In March 2023, the Promontory, Sardis real estate market is classified as a Balanced Market with an absorption rate of 14.1%. The market in Promontory, Sardis is currently balanced. Both buyers and sellers have reasonable negotiating positions. Always consult a licensed REALTOR® to assess your specific situation.

18 properties sold in Promontory, Sardis during March 2023 based on MLS® records. There were 128 active listings at the start of the month. A total of 32 new listings came to market during the month.

The average sold price in Promontory, Sardis in March 2023 was $827,672. Sold prices ranged from $611,500 to $1,079,000. Data is sourced from MLS® board records.

In March 2023, properties in Promontory, Sardis averaged 28 days on the market before selling. With an absorption rate of 14.1%, the market is currently a Balanced Market. A lower average days-on-market indicates stronger demand.

The average sold price in Promontory, Sardis in March 2023 was $827,672, down 24.8% year-over-year compared to March 2022 ($1,100,000). Sales volume was up 500% compared to the same month last year. Data is sourced from MLS® sold records.