Greetings!
June Residential Highlights:
New listings (231) matched the 231 listed in June 2021, and increased 6.0% from the 218 listed in May 2022. Pending sales (141) decreased 29.9% from the 201 offers accepted in June 2021, and decreased 19.9% from the 176 offers accepted in May 2022. Closed sales (152) decreased 11.1% from the 171 closings in June 2021, and increased 1.3% from the 150 closings in May 2022. Inventory and Time on M
Inventory and Time on Market:
Inventory increased to 2.3 months in June. Total market time decreased to 38 days.
Year to Date Summary:
Comparing the first six months of 2022 to the same period in 2021, new listings (1,145) decreased 0.1%, pending sales (848) decreased 12.3%, and closed sales (836) increased 2.8%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through June, the average sale price has increased 19.5% from $304,300 to $363,600. In the same comparison, the median sale price has increased 18.2% from $275,000 to $325,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
CLICK HERE TO VIEW THE REPORT!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.