June 2016 Market Statistics

Sales: Last month I mentioned that we would be seeing an increase again in overall sales from month to month and that rang true.  In June, there were 1186 homes and condos that sold.  That’s up from the 1078 that we saw sell in May. We did experience a jump in inventory from May with 1714 homes coming onto the market. We are starting to see a bit of a slow down in the market with pending sales decreasing slightly from May and also making a slight drop from June of last year. 

Price Points: Maintaining our market’s consistency, the majority of sales were in the $250,000 and under price point. However, we did see a slight decrease in the amount of total sales that price point normally accounts for.  In June 69% of the total sales were of homes that sold for $250,000 or under. We normally see anywhere from 73 to 75% of the total sales in that range. So where did that extra amount go? Well, we saw a jump in sales made from $250,000 to $500,000. That range accounted for 26% of total sales. We also saw an increase in the upper end market which consisted of 5% of the total sales last month. That’s an increase from the usual 3-4% that we’ve been seeing month to month on a pretty regular basis.

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