We are now in a balanced market. The overall inventory has gone up 38% since April to June with sales staying about the same. Single family inventory is over 300 and it hasn’t been that high since November 2019.
Single family
72 sales in June, 78 in May
Balanced market 4.65 months of inventory
33 DOM down from 54 in May ’22
Inventory YTD up 23% to this time last year
Sales YTD up 7.8 to this time last year
YTD AVG price $553,145 up 6%
Condo Apt
Condo market back to seller’s market with 2.52 months of inventory
Sales 23, up from 16 in May ’22 and the exact same June ’21
Inventory down 9.62% YTD over 2021
Sales up 4.35% YTD over 2021
AVG Price up 18% YTD $135,581
Townhomes
Inventory rose again from 38 to 41
It’s a soft seller’s market with 2.93 months of inventory
DOM went down to 23 from 30
AVG $ $223,402 YTD up 16% over 2021
Inventory down 5%
YTD sales are up 12.66% over 2021
Mobile Homes with Land
Big change here to a balanced market 5.5 months of inventory
May AVG sale price $310,180
YTD sales up 37%
Inventory up 9%
DOM 30 down from May
Duplex for sales north of the bridge (there isn’t a lot activity in the rest of the city)
Also a balanced market with 5 months of inventory
36 DOM
AVG YTD price $394,985
32 listings
Inventory is up 40% over last year
Sales are up 7% over last year.