Sales
There were 20 unit sales in July. This is down 4.8% from 21 in July of 2014. This is the highest unit sales have been since 21 in July, 2014. Sales/list price ratio in July moved down to 97.3% from 97.6% in June.
Prices
Median price in July was $944,000. This is up 14.4% from $825,000 in July of 2014. This is the highest median price has been since June, 2014. 3-month median price of $820,000 in July was up moderately from $675,000 in June but down marginally from $845,000 in July of 2014. Price per square foot in July was $331. This is up from $330 in June and up from $323 in July of 2014.
Inventory
Inventory of 50 in July was down 20.6% from 63 in June and down 21.9% from 64 in July of 2014. New listings of 9 in July were down considerably from 16 in June and down moderately from 13 in July of 2014. Months of supply of 5.1 in July was down somewhat from 6.4 in June and down considerably from 6.4 in July of 2014. This is the lowest months of supply has been since December, 2014.
Market Time
Days on market of 87 in July was down moderately from 126 in June but way up from 60 in July of 2014.
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