Overall the market continues to do better than last year. Inventory remains low which may be correlated with higher sales prices. The timing is still good if you are looking to sell your home.
Highlights:
- The median sales price in July 2016 was 6% higher than the median sales price in July 2015.
- The number of homes for sale is down 15% when comparing July 2016 to 2015.
- There have been 11% more homes sold by the end of July 2016 than at the end of July 2015.