June property sales were 112, up 1.8% from 110 in June of 2010 and 0.9% lower than the 113 sales last month. June 2011 sales were at their hightest level compared to June of 2010 and 2009. June YTD sales of 548 are running 0.6% ahead of last year's year-to-date sales of 548.
The Median Sales Price in June was $860,000, down 0.5% from $864,000 in June of 2010 and up 9.5% from $785,378 last month. The Average Sales Price in June was $1,254,882, up 9.3% from $1,148,172 in June of 2010 and up 4.6% from $1,199,766 last month. June 2011 ASP was at the highest level compared to June of 2010 and 2009.
The Total Inventory of properties available for sale as of June was 838, up 0.1% from 837 last month and down 15.4% from 991 in June of last year. June 2011 Inventory was at its lowest level compared with June of 2010 and 2009.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The June 2011 MSI of 7.5 months was at its lowest level compared with June of 2010 and 2009.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend to move towards a more of a Seller's market. The DOM for June was 87, down 17.1% from 105 days last month and equal to 87 days in June of last year. The June 2011 DOM was at a mid level compared with June of 2010 and 2009.
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