MARKET WATCH! In the month of June 2015 the Median Sale Price for single-family, detached homes was up 5.99% from last year to $190,788 and the Average Sale Price was up 6.01% to $226,337. Closed Sales was 984, up 23%. The Absorption Rate (number of months it would take to sell the current housing inventory) still shows a slight seller’s market of 5.44 and the Average Days on the Market was 56. (GAAR)
However, the number of Active Listings (homes on the market) was 4,089 down 17.18% from last year. If you are thinking of putting your home on the market, now is the time before the school year starts. Contact The Sugar Team for a free Comparative Market Analysis and find out how much you could make from selling your home!
Linda and Sutter