The overall market has increased in inventory by over 100 properties April 2022 to May 2022. It’s still a soft seller’s market with 3.73 months of inventory.
Single family
78 sales in May, 95 in April
soft seller’s market 3.73 months of inventory
54 DOM up from 47 in April ’22
Inventory YTD up 11% to this time last year
sales YTD up 14.78% to this time last year
YTD AVG price $553,831 up 6.1%
Condo Apt
Condo market slowed down from last month’s hot seller’s market with 1.93 months of inventory to a balanced market of 4.38 months of inventory
Sales 16, down from 27 in April ’21
Inventory down 9.6% YTD over 2021
Sales up 20% YTD over 2021
AVG Price up 15% YTD $131,319
Townhomes
Last month there were only 14 townhomes for sale, now there are 36
The hot seller’s market has turned into a buyer’s market with 6.3 months of inventory in May 2022
DOM 30
AVG $ $226,354 YTD up 17% over 2021
Inventory down 5%
YTD sales are up 9% over 2021
Mobile Homes with Land
Soft seller’s market with 3.15 months of inventory
May AVG sale price $266,076
YTD sales up 37%
Inventory up 16%
DOM 79 up from April
Duplex for sales north of the bridge (there isn’t a lot activity in the rest of the city)
Hottest market category with 1.5 months of inventory
37 DOM
AVG YTD price $401,249
29 listings
Inventory is up 60% over last year
Sales are up 7% over last year