July Residential Highlights:
New listings (232) increased 11.0% from the 209 listed in July 2020, and increased 0.4% from the 231 listed in June 2021. Pending sales (168) decreased 26.0% from the 227 offers accepted in July 2020, and decreased 16.4% from the 201 offers accepted in June 2021. Closed sales (171) increased 2.4% from the 167 closings in July 2020, and matched the 171 closings in June 2021.
Inventory and Time on Market:
Inventory increased to 1.5 months in July. Total market time decreased to 29 days.
Year to Date Summary:
Comparing the first seven months of 2021 to the same period in 2020, new listings (1,386) increased 8.0%, pending sales (1,109) decreased 2.8%, and closed sales (992) increased 3.3%.
Average and Median Sales Prices:
Comparing 2021 to 2020 through July, the average sale price has increased 24.1% from $248,000 to $307,800. In the same comparison, the median sale price has increased 19.7% from $233,000 to $279,000.
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!
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*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.