Welcome to our June 2021 market update! Today we’re taking a look at residential activity in your area during June.
The number of active listings was down 58% year over year, and down 13% over the previous month. This reduced inventory means that buyers who waited to purchase may have had a smaller selection to choose from.
Compared to last year, the average days that units spent on the market before they sold was down by 63%; this lower number of days signals a positive trend in the local inventory turnover rate.
The median listing price for the month was just over $431,000, and the median sales price was $335,000. The number of units sold increased by 36% year over year and decreased by 1% Month over month. Higher year-over-year figures indicate that more buyers are finding what they’re looking for.
If you have any questions about what’s happening in today’s market or would like more information, don’t hesitate to reach out to us. We’d love to help you.