August Residential Sales Up Over August of 2015

August 2016 Regional Residential MLS Sales

August Regional Residential Market Update

August 2016 Regional Residential Infographic

The summer market has continued to be a very busy one with sales exceeding last August by 20%.

The average sale price for single family homes in the Region for the year was $323,616 up 9.6% over 2015 for the same timeframe. While sales were down 5% from July the average sale price for August was $344,233 an increase of 5%

Over the July average sale price of $321,212.

Inventory levels are still low which is typical for August however we only have 1.4 months of inventory and the Sales to listings ratio is high at 91% still indicating a very strong sellers market.

The average days on market currently stands at 37 days, with 6 of the sales districts showing less than 30 days.