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Market Update July 2018

June Review: The numbers for June continue the ongoing trends... compared to last year, median sales price of single family homes is up 10%, days on market is down 20% but inventory is even for the first time since 2009.  Additionally, when we look at the first 6 months of 2018, months supply of inventory is up 40% from January, which may indicate gains in inventory coming over the next few months.  Sellers were still favored in the June market but with months supply of inventory at 5.9, we could be at an inflection point.


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Recent Market Summary

  April May June
Closed Sales 329 399 413
Inventory 1,755 1,924 1,992
Median Sales Price $399,000 $429,000 $438,320
Avg Days on Market 108 114 95
Avg % of Original Price 96% 95% 95%