July 2016

Found 1 blog entry for July 2016.

Over the last 6 months MLS inventory has averaged 4,436 homes for sale and currently 3.42 months supply of homes. An average of 1,012 homes have sold per month at an average price of $210,978 which is about 97.8% of the list price. The average Days on Market is 60.5 and prices have increased over last year.

What does this all mean?

Currently we have a shortage of inventory and homes are selling FAST and close to the offered sale price of the home. Prices have increased and affordability is a challenge at this time. Homes in the lower price point sell much quicker than the average sale price and typically less than 30 days. So if you plan on buying make a strong offer and make it quick! Working with one of our agents will ensure they understand the

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