| Trends at a Glance | |||
| (Single-family Homes) | |||
| Data | Jul 10 | Jun 10 | Jul 09 |
| Median Price: | $225,000 | $226,000 | $180,000 |
| Average Price: | $352,453 | $358,513 | $310,509 |
| Home Sales: | 540 | 655 | 669 |
| Sale/List Price Ratio: | 93.1% | 94.0% | 93.7% |
| Days on Market: | 98 | 99 | 96 |
Sales of single-family, re-sale homes were down in July with the expiration of the Federal tax credit. Home sales were off 17.6% from June, and were down 19.3% year-over-year. Year-to-date, home sales are off 3.7%.
The median price for homes edged down 0.4% from June, but was up 25% year-over-year. This is the eighth month in a row the median price has been higher than the year before.
Condo sales were off 5.9% year-over-year in July. This is the first month since June 2009 condo sales have been lower than the year before. Year-to-date, condo sales are up 42.4%.
The median price for condos was up 3.7% from June, and up 26.4%. This is only the second month the median price has been higher than the year before since November 2007.
The chart below shows the breakdown of home sales since January 2009. Sales of bank-owned property has fallen precipitously, while short-sales have increased somewhat.
The median price for the under $500,000 segment of the market was up 15.5% year-over-year. This segment constituted 79.8% of sales last month.
By contrast, the $500,000 to $1,000,000 segment of the market was 15.6% of sales. The median price was off 2.3% year-over-year.
The million dollar plus market was 4.6% of total sales in July, down from 5% in June. The median price for this segment of the market was down 9.8% year-over-year. See our Annual Report for year-end numbers.
The graphs below show monthly prices and sales since 2003. We have used a three month moving average to smooth out monthly fluctuations yet retain seasonal flow.
These graphs are big. Please click on the graph to expand it. Then, use your back button to return to this page.
The sales price to list price indicator for single-family homes fell 0.9 of a point to 93.1%. The indicator for condos gained 1.8 points to 95.5%. Breaking the market down, the ratio for homes in the under $500,000 market was 97.4%. The ratio for the $500,000 to $999,999 market was 92.4%. The ratio for the over $1,000,000 market was 84.2%.
Days on market for homes fell one day to 98. Days on market for condos gained thirteen to 134 days.
For full details see the tables below and the Monthly Trends section which breaks out each city's statistics. That menu is at the left.
Also, check out our Annual Trends section for charts and graphs for the past eight years.
The following table provides the median price, the average price and the number of units sold for residential re-sale single family homes.
The tables on this page are xml files and use javascript for viewing.
This table provides the median price, the average price and the number of units sold for residential re-sale condominiums.
If we can help you devise a strategy, call or click buyer or seller. To keep on top of the market, subscribe to this report and you will be notified by e-mail when it is updated each month.
Trend charts for individual cities can be reached by clicking on the City Trends menu to the left.
For detailed information on a specific neighborhood or country club, give Greg Bauer a call at (800) 975-7720, or fill out the appropriate form:Buyers or Sellers.
For our opinion of what your home will sell for in today's market, call or e-mail us.