July Property Sales were 31, up 6.9% from 29 in July of 2012 and 10.7% higher than the 28 sales last month. July 2013 sales were at their highest level compared to July of 2012 and 2011. July YTD sales of 154 are running 18.5% ahead of last year's year-to-date sales of 130.
The Median Sales Price in July was $201,500, up 11.9% from $180,000 in July of 2012 and up 13.5% from $177,500 last month. The Average Sales Price in July was $195,971, up 16.6% from $168,045 in July of 2012 and up 13.5% from $172,669 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 215, down 2.7% from 221 last month and up 12.0% from 192 in July of last year. July 2013 Inventory was at a mid 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 91, up 78.4% from 51 days last month and up 51.7% from 60 days in July of last year. The July 2013 DOM was at a mid level compared with July of 2012 and 2011.
