September 19, 2013
Viewing the chart above, you can see that sales of homes from June 2012 to the end of August 2013 have increased. Inventory, however, has dropped from 626 homes to 495 homes
Without making your eyes bleary, here are the stats. For sale in the months of August 2013 495 homes, August 2012, 587 homes a decrease of -15.7% down. Homes sold in the month of August 2013, 124, in the month of August 2013, 107 for in increase in sales of 15.9%.
The median price in June 2012 was $260,000. In August the median price raised to $305,000 a significant increase percentage wise of 17.3%
Judging from the chart above, February was the lowest inventory with 305 and we seem to be steadily increasing our inventory This may be due to more home owners realizing that they may be above water with their mortgages and the market has come back for selling their homes.
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John J. O’Dell Realtor® GRI