July Property Sales were 60, up 15.4% from 52 in July of 2012 and 1.7% higher than the 59 sales last month. July 2013 sales were at their highest level compared to July of 2012 and 2011. July YTD sales of 298 are running 4.6% ahead of last year's year-to-date sales of 285.
The Median Sales Price in July was $189,950, up 12.1% from $169,450 in July of 2012 and up 3.0% from $184,500 last month. The Average Sales Price in July was $205,863, up 7.5% from $191,537 in July of 2012 and up 2.8% from $200,299 last month. July 2013 ASP was at the highest level compared to July of 2012 and 2011.
The Total Inventory of Properties available for sale as of July was 279, down 7.0% from 300 last month and down 14.7% from 327 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 70, up 11.1% from 63 days last month and up 12.9% from 62 days in July of last year. The July 2013 DOM was at a mid level compared with July of 2012 and 2011.
