Second Quarter and June 2018 Overview

  • YEAR-TO-DATE SALES VOLUME OF $463,327,010 – down 24% from 2017’s record $609,390,004, with units of 949 down 26% from 2017’s 1275.
  • New listings of 1675 down 9% from 2017, with the sales/listings ratio of 57% down 12%.
  • JUNE SALES VOLUME OF $85,727,028 down 21% from last June’s record $108,322,899. Units of 175 were down 25%from last June’s 234, with listings of 349 down 12%, and the sales/listings ratio of 50% down 9%.
  • YEAR-TO-DATE AVERAGE SALE PRICE OF $488,227 – up 2% from the $477,953 of one year ago.  Average days-on-market of 45 is up 5 days.
  • THE DEMAND FOR LISTINGS IS GREATER THAN THE SUPPLY
    June’s dollar and unit sales were down 21% and 25% respectively from last June, average days-on market was up 39%, and there were 76% more expired listings. That said, the average sale price was up 6%. So with June’s sales/listings ratio at 50%, we’ll tentatively say that it’s still a sellers’ market.

 

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