August 2016 is a Seller's market*
Home For Sale in August 2016: 1785 units.
| • | Up 2.7% compared to the last month |
| • | Up 11.4% compared to the last year |
Home Closed in August 2016: 976 units.
| • | Down 1.3% compared to the last month |
| • | Down 16.2% compared to the last year |
Home Placed under Contract in August 2016: 1177 units.
| • | Up 11.2% compared to the last month |
| • | Up 9.8% compared to the last year |
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
August 2016 Average Sold Price per Square Footage is Neutral*
Average Sold Price per Square Footage in August 2016: $234
•Down 2.9% compared to the last month•Up 10.4% compared to the last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
August 2016 Average Sold Price per Square Footage is Neutral*
August 2016 Sold/Original List Price Ratio is Falling*
Average Days on Market in August 2016: 24
| • | Up 26.3% compared to the last month |
| • | Down 11.1% compared to the last year |
Sold/Original List Price % in August 2016: 100%
| • | Down 1% compared to the last month |
| • | 0% compared to the last year |
*Based on 6 month trend - Rising/Falling/Remains Steady
August 2016 Average For Sale Price is Depreciating*
August 2016 Average Sold Price is Neutral*
Average For Sale Price (in thousand) in August 2016: $573
•Down 1.7% compared to the last month•Up 6.9% compared to the last year
Average Sold Price (in thousand) in August 2016: $444
•Down 1.3% compared to the last month•Up 11.3% compared to the last year
*Based on 6 month trend - Appreciating/Depreciating/Neutral
August 2016 is a Seller's market*
Months of Inventory based on Closed Sales in August 2016: 1.8
| • | 0% compared to the last month |
| • | Up 29.1% compared to the last year |
*Buyer's market: more than 6 months of inventory based on closed sales
Seller's market: less than 3 months of inventory based on closed sales
Neutral market: 3 - 6 months of inventory based on closed sales
