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August 2014 Statistical Highlights

 Area August 2014
Median
Sale Price 		August 2014
Res & Condo
Sales 		August 2013
Median
Sale Price 		August 2013
Res & Condo
Sales
All MLS Sales

 $149,000

6,386

 $130,000

 

6,957

 
 

Up by 14.6%

Down by 8.2%

   
 

Analysis:

 •    All MLS sales for the month were down by 8.2% from 6,957 to 6,386.

•    The median sale price for ALL MLS Sales was up by 14.6% from $130,000 to $149,000.

 •    Average Days On-Market (DOM) for ALL MLS decreased by more than two (2) weeks, from 56 to 40 days.

 

Synopsis of Inventory (08-14 vs. 08-13):

•    On market inventory increased since last August by 17%, from 22,093 to 25,849.

•    Short sale listings have decreased since last August by 38.54%. Approximately 3.2% of the on-market inventory is comprised of properties identified as short sales.

•    Foreclosure listings have decreased since August of last year by 33.1%. Approximately 7.44% of the on-market inventory is comprised of properties identified as foreclosures.

 

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                 Last Modified: Monday, September 22, 2014
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