Closed residential sales of single family homes on less than one acre, including condominiums reported to the Association for July totaled 850 sales.
Compared to July last year closed sales were down 5.5%. The average closed sales price for July was $298,337.
Compared to July last year when the average sales price was $259,059, the average sales price is up 15.2%. The median sales price was up 14.9%, $270,000 v. $235,000 respectively.
Year to date sales through July total 4,094 which is down 12.4% compared to 2018 through July when the closed sales totaled 4,671.
The year to date average sales price for 2019 is $280,398 compared to $252,609 over the same period last year, an increase of 11%. Year to date median sales price is up 12.1% through July, $257,875 v. $230,000 respectively.
Inventory continues to be a head wind for our sales.
As of this report our inventory stands at 1,428 homes compared to 1,466 homes at the same time last year, inventory is down 2.7%. New construction sales reported to the Association through July total 460 compared to 481 last year, down 4.4%.
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