Market Conditions for 49306

June 2019

Median Sale Price

$260,000

DOWN DOWN -32.20% vs. Month Ago

Homes For Sale

51

UP UP 64.51% vs. Month Ago

Homes Sold

13

NO_CHANGE 0.00% vs. Month Ago

Median Sale Price

$260,000

The median sale price for homes in June was $260,000. The median sales price for homes in June fell by ($123,500) compared to last month. This represents a 32.2% decrease from May. Compared to the same month last year, the median price of homes rose by $3,500 representing a 1.36% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale

51

The inventory of homes for sale rose by 20 in June to 51. This represents 64.51% increase from May when 31 homes were on the market.Compared to the same month last year when there were 38 homes for sale, the inventory of homes for sale has fallen by risen by 13 representing a 34.21% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold

13

The 13 homes sold in June was the same as in May. Compared to the same month last year, the number of homes sold increased by 1, a 8.33% year-over-year increase.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Sale/List Price Ratio

98.99%

The Sale/List Price Ratio of 98.99% in June fell by 1.03% compared to May and increased 2.13% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes

34

The number of homes listed in June (34) rose by 15 compared to May, a 78.94% change. Compared to June 2018, the number of new listings increased by 11, a 47.82% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price

$349,900

The median list price in June was $349,900. The median list price for homes in June rose by $99,900 compared to last month. This represents a 39.96% increase from May. Compared to the same month last year, the median list price of homes increased $30,000 representing a 9.37% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.