July was a down month for sales and inventory is starting to creep up to the 10 year average making it more of a balanced market. With rates increases likely on hold for the time being, now might be the best time for homebuyers to get into the market or to make a move when prices are likely at the lowest they will get as the seasonal slowdown and inventory likely will be coming off the market in the next 60 days for unmotivated sellers.
Home sellers the good news is there are still transactions happening every day and it will likely worth riding out in the next 60 days as the rates are likely not going to increase a gain, and as summer holidays come to an end, buyers will likely become more serious.
Total Sales Sales 423 New Listings 1,066 Current Inventory 2,766 Median Days to Sell 30 Average Days to Sell 44 Months of Inventory 6.54 Median Sale Price $750,000 Average Sale Price $840,658 Total Volume Sold $355,598,350 *Total inventory for the market pictured
Single Family Sales 192 New Listings 509 Current Inventory 1,391 Median Days to Sell 31 Average Days to Sell 43 Months of Inventory 7.24 Median Sale Price $970,000 Average Sale Price $1,142,119 Total Volume Sold $219,286,871 *Amount of sales
Townhome Sales 70 New Listings 163 Current Inventory 328 Median Days to Sell 27 Average Days to Sell 38 Months of Inventory 4.69 Median Sale Price $695,000 Average Sale Price $721,661 Total Volume Sold $50,516,300 *Sales for townhomes pictured
Apartment Sales 124 New Listings 237 Current Inventory 530 Median Days to Sell 32 Average Days to Sell 46 Months of Inventory 4.27 Median Sale Price $4502,793 Average Sale Price $467,500 Total Volume Sold $62,349,279 *Apartment Sales Pictured
