October of 2019 was a busy month for home sales in the Brookwood High School District. The amount of Brookwood Homes for Sale that sold was 71. The average price of a home during this period was $306,010. We are continuing to see a strong demand for homes in what we still consider a sellers market. Sellers received 96% of their asking price of the Brookwood Homes for sale. Homes for sale in Brookwood were on the market for 51 days in the month of October before that went under contract.
We are still seeing many buyers seeking to buy a home in the Brookwood High School District. We are also seeing buyers still facing multiple offers at times due to 2.6 months of supply of inventory being available, which is up slightly over the 2.3 days it was in the three months prior. We are also seeing the average price of a home during this time period was up 7.1% from their 2018 levels.
With interest rates continuing to be compelling, it is a great time time to buy or a sell a home in the Brookwood District.