July Property Sales were 22, up 46.7% from 15 in July of 2012 and 22.2% higher than the 18 sales last month. July 2013 sales were at their highest level compared to July of 2012 and 2011. July YTD sales of 123 are running 9.8% ahead of last year's year-to-date sales of 112.
The Median Sales Price in July was $250,000, down 3.9% from $260,200 in July of 2012 and up 50.4% from $166,250 last month. The Average Sales Price in July was $238,654, down 13.1% from $274,586 in July of 2012 and up 8.8% from $219,367 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 109, up 1.9% from 107 last month and down 24.8% from 145 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 53, up 1.9% from 52 days last month and down 59.5% from 131 days in July of last year. The July 2013 DOM was at its lowest level compared with July of 2012 and 2011.
