The adage that Real Estate is a numbers game rings true. So much analysis to sift through and opinions to absorb. Today's public portals provide a wealth of information you can reconstruct into your own market report in any fashion you see fit. This report is compiled in a traditional DRAGNET style where it's just the facts and no more with the entire state's activity and it's changes year over year from June '15 to June '16 for our Single Family Homes only.
Let's Start with the GOOD
Sellers are enjoying a modest increase of .7% in the dollars received between their original asking price and the closed sale price. It's now 96.3%.
Cash Sales are waning and are down 18.1% from last June. Not startling but keep watching this figure.
New Listings remain neck & neck with a marginal .2% less this year than last. We have 30,000+.
Closed Sales are up slightly by .4% and inched out June 2015 with 113 more and a total of 27,086.
It Gets BETTER
Active Listings are seeing a 2.8% downturn, however that's not enough to fear a lack of inventory.
Pending Listings see a 4.9% decrease which I would rather watch in a quarterly view instead.
The Median time from Listing to Sale was shortened to 91 days from the previous year's 95 days.
Nothing but the BEST
The time from listing to contract fell substantially from a median of 48 days down to 41.
The Average Sale Price has been bumped up 6.8% and stands at $306,105.00
The entire Dollar Volume rose 7.3% from 7.7 billion to 8.3 billion dollars. Impressive!
Median Sale Prices rose significantly and reached 10.8% higher than last year hitting $225,000.
Months Supply of Inventory crept lower to 4.3 months whereas 4.6 months was 2015's mark.
WHETHER THE NUMBERS ARE GOING UP OR DOWN THEY'RE MOSTLY IN THE RIGHT DIRECTION!