Single Family: Buyer’s Market
Sales are down to 42 in August from 45 in July
Currently in a buyer’s market with 8.8 months of inventory
Average days on market is up to 75 from 53 DOM in July
Inventory YTD is up 23% from this time last year
Number of Sales YTD is down 3% from this time last year
AVG price $520,239 is slightly lower from July at $552,781
Condo Apartment: Seller’s Market
It’s starting to change over to a soft seller’s market with 3.12 months of inventory
Number of Sales: 17 in August with 18 in July
Number of Sales is up 9% YTD over 2021
Average Price has increased to $125,000 over $119,500 in July
Townhomes: Buyer’s Market
Inventory is about the same 51 & 53
Buyer’s market currently sits at 5.1 months of inventory which is down from July at 8.83 months
Days on Market has increased to 46 from 34 in July
Average Sale Price is $ 268,340 which has increased from July’s $217,817
Inventory Numbers have increased 32 % from YTD August 2021 to 2022
YTD sales numbers are up 5% over 2021
Mobile Homes with Land: Just into a buyer’s market
Inventory has increased from 3.4 to 6.13 months
Average Sales Price decreased slightly $ 249,000 in August to $273,000 in July
YTD sales numbers up 31% over 2021
Inventory 62 from 65
Days on Market in August has increased slightly to 60 from 54 in July
Duplex: Buyer’s Market
Buyer’s market with 8.4 months of inventory
An increase in Days on Market to 89 in August from 59 in July
Average Sale price decreased to $306,000 from $358,800
Sales numbers have increased 42% over last year.
OVERALL Market: (All inventory: Single Family, Condo Apt, Townhome, Mobile, Duplex)
It is currently a buyers market with 6.93 months of inventory up from 6.31 in July
We have seen an increase in Days on Market in August where we sit at 66 from 49 in July
Average Sales Price has decreased to $365,252 from $383,717 in August
YTD Inventory has increased 11% over last year
Sales numbers surpassed last year by 4%