August 2016 Market Report

Sales: Lets begin with the total sales. In August, 1167 homes and condos sold. That number is slightly up from the 1148 that sold July. We also experience an increase from August of 2015 when 1071 homes and condos sold.   

Inventory: Inventory remains steady. In fact 1692 homes and condos came onto the market last month. That's a healthy number and about a 5% increase from last year. We will see a drop in inventory around the holiday season, and that's normal.

Prices: Overall we are seeing the average sales price continue to climb year to year. To give you a snapshot, in 2014 the average sales price for a detached home was around $214,000. So far for 2016, that number is $222,000. While it's a slow climb, it represents slight growth in the health of the housing market.

Looking to buy or sell? Call us today on my cell at 238-3272, or email me at cheryl@cherylmarlow.com.   

July 2016 Market Report

Sales: As expected, with school about to start and everyone getting prepared for it, we did see a slight dip in sales in July. In total, 1148 homes and condos sold. That number was at 1186 in June and 1169 in July of last year. Inventory was also down from last year and month to month. 

Looking Ahead: I would expect to see more of the same. August will look much like July numbers as it has in previous years. August seems to generally be a transition month with homeowners and buyers adjusting to getting back into the swing of things post summer.

If you're looking to make a move, call us today at 238-3272, 238-3272 or email me us at cheryl@cherylmarlow.com