2015 is very much a Seller’s Market. We have less inventory, meaning homes on the market, and sales are on the rise. Home prices continue to go up. Here are the latest statistics as of July 31, 2015:
single family home sales =up 18.9% from last year
condo/townhome sales =up 40.7% from last year
average price of a S/F home =up 8% from last year
average price of condo/townhome =up.5% from last year
# of homes for sale =3,409 total, as compared to 4,226 last year at this time
# of condos/townhomes for sale =300 total, as compared to 401 last year at this time
We Realtors are pretty happy about this busy market. I think the only complaint I have is not enough time off! What a shame, huh?