OK … turn the heat off already. It seemed like we jumped from winter to summer with a ton of rain in between. The July 4th holiday puts us past the halfway point for the year. It’s hard to believe that we are flying through 2019 this fast.
The market is sending mixed signals with closed sales down yet prices are up a bit up and inventory levels are a little lower than last year at this time. Here is a quick look at the current picture:
Homes for sale Down by 2.47%. Those priced well and in good condition don’t last long.
Under contract Up by over 14%. Buyers are still writing contracts as they hunt the best values.
Sold in last 12 months Down by a little over 4%. June closed sales were down by almost 12% from June 2018 due in part to poor weather in March, April and May.
Average Sold Price Up just under 1%. A slight upward tick. The lower priced properties are seeing larger appreciation.
The Hot Stats will give you a little peek at the details.