July Property Sales were 16, up 23.1% from 13 in July of 2012 and 14.3% higher than the 14 sales last month. July 2013 sales were at their highest level compared to July of 2012 and 2011. July YTD sales of 83 are running 16.9% ahead of last year's year-to-date sales of 71.
The Median Sales Price in July was $226,000, down 1.7% from $230,000 in July of 2012 and down 18.9% from $278,750 last month. The Average Sales Price in July was $263,619, up 4.5% from $252,223 in July of 2012 and down 24.7% from $350,307 last month. July 2013 ASP was at a mid range compared to July of 2012 and 2011.
The Total Inventory of Properties available for sale as of July was 86, down 2.3% from 88 last month and down 28.3% from 120 in July of last year. July 2013 Inventory was at its lowest level compared with July of 2012 and 2011.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for July was 48, down 50.5% from 97 days last month and down 48.9% from 94 days in July of last year. The July 2013 DOM was at its lowest level compared with July of 2012 and 2011.
