Single Family Homes
Sales
There were 5 unit sales in August. This is down 66.7% from 15 in August of 2013. Sales/list price ratio in August moved up to 106.6% from 99.8% in July.
Prices
Median price in August was $730,000. This is down 8.2% from $795,000 in August of 2013. 3-month median price of $710,000 in August was up just slightly from $691,750 in July and up slightly from $660,000 in August of 2013. Price per square foot in August was $444. This is up from $343 in July and up from $401 in August of 2013.
Inventory
Inventory this month is 29, the same as last month. New listings in August were 5, unchanged from the same month last year. Months of supply of 5.4 in August was up slightly from 4.6 in July and up considerably from 4.4 in August of 2013. On a year-over-year basis, months of supply has been rising for 4 months. This is the highest months of supply has been since June, 2013.
Market Time
Days on market of 40 in August was down substantially from 72 in July and way down from 108 in August of 2013.
Condos
Sales
There were 1 unit sales in August. This is down 66.7% from 3 in August of 2013. Sales/list price ratio in August was 94.3%.
Prices
Median price in August was $150,000. 3-month median price of $750,000 in August was down a little from $795,000 in July and down modestly from $900,000 in August of 2013.
Inventory
Inventory of 41 in August was up 5.1% from 39 in July and up 485.7% from 7 in August of 2013. New listings of 5 in August were up considerably from 1 in July and up from 0 in August of 2013. Months of supply of 61.5 in August was up moderately from 46.8 in July and way up from 4.9 in August of 2013. This is the highest months of supply has been since November, 2009.
Market Time
Days on market in August was 76.
Coops
Sales
There were 2 unit sales in August. This is down 33.3% from 3 in August of 2013. Sales/list price ratio in August was 96.6%.
Prices
Median price in August was $281,000. 3-month median price of $281,000 in August was down considerably from $385,000 in July but up slightly from $239,000 in August of 2013.
Inventory
Inventory of 10 in August was down 16.7% from 12 in July and down 44.4% from 18 in August of 2013. New listings in August were 1, unchanged from the same month last year. Months of supply of 7.5 in August was down modestly from 8.5 in July and down considerably from 15.4 in August of 2013.
Market Time
Days on market in August was 116.
Multi Family Homes
Prices
3-month median price this month is $601,700, the same as last month.
Inventory
Inventory of 3 in August was down 25.0% from 4 in July and down 25.0% from 4 in August of 2013. Months of supply of 4 in August was down a little from 4.8 in July and way down from 9.6 in August of 2013. This is the lowest months of supply has been since February, 2014.
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