Prior 12 months property sales increased from 566 in 2014 to 608 in 2015. June 2015 property sales vs June 2014 property sales increased from 72 to 80 homes sold. Prior 12 months average sales price increased 9.1%, from $449,858 in 2014 to $490,605 in 2015. The June Average Sales Price increased 1.5%, from $483,146 in June 2014 to $490,566 in June 2015. The June 2015 vs. June 2014 median price increased 11.4%, from $379,250 to $422,450. The June Average Days on Market (DOM) decreased from 84 in June 2014 to 64 in June 2015.
The June 2015 MSI of 4.72 months was at its lowest level compared with June of 2014. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. Remember, 5.5 months is considered a “balanced” market by most.
The Selling Price vs Listing Price reveals the average amount that Sellers are agreeing to come down from their list price. The lower the ratio is below 100%, the more of a Buyer's market exists; a ratio at or above 100% indicates more of a Seller's market. The June 2015 Selling Price vs. List Price of 96.6% decreased 1% from 95.6% in June of last year.