- Cash buyers represent 24% of all residential sales in our area, same last month 24%
- June average "day on market" is up from May at 53 days to: 60 Days.
- Average sold price is $383,996, this is down from the prior month and from down 7.9% June 2023 Y-O-Y, $416,806.
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June inventory is up slightly month over month to: 3212 units, up significantly from June 2023, with 1916 units. Y-O-Y increase in inventory of 68%!
- Months inventory is 3.9 months, up from May 3.6 months, and up from June 2023 with 1.9 months inventory.
- Average List to sold price difference in June was -2.3% down from -2.8 % in May.
- The inventory of homes remains low with 3.9 months inventory, this level is considered a weak seller's market. When Months Inventory is generally less than 4.0 months it is considered a seller’s market.6.0 months or more is a buyer's market. Between 4 and 6 months inventory is a neutral market.
