Prior 12 months property sales increased from 554 in 2014 to 597 in 2015. April 2015 property sales vs April 2014 property sales increased from 35 to 59 homes sold. Prior 12 months average sales price increased 6.1%, from $456,163 in 2014 to $480,729 in 2015. The April Average Sales Price decreased 5.5%, from $464,051 in April 2014 to $438,350 in April 2015. The April 2015 vs. April 2014 median price decreased 9.6%, from $415,000 to $375,000. The April Average Days on Market (DOM) decreased from 250 in April 2014 to 244 in April 2015.
The April 2015 MSI of 7.05 months was at its highest level compared with April 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 April 2015 Selling Price vs. List Price of 96.4% increased 1.5% from 94.9% in April of last year.