This month we’ve made a
change to the Sale Price graph
on page five. In addition to the
average sales price the graph
will also now include the median
sale price. This creates a quick
visual representation of how both
measures are performing.
June Residential Highlights
Every measure of r e a l
estate activity is positive when
comparing June 2012 with June
2011.
There were 2,435 accepted
offers, 21.7% more than the 2,001
reported in June 2011 although
down slightly (-3.4%) from last
month.
The 2,244 closed sales represent
a 14.6% increase over the same
month last year, when 1,958 were
recorded, and 7.0% more than the
2,098 sales in May. This represents
the highest number of closed sales
since August 2007 when there
were 2,554 closings.
The unsold inventor y in
months dropped again in June and
continues to be the lowest it has
been since March 2007 when it was
3.8. It would take only 3.9 months
to sell the 8,799 active listings at
the June rate of sales.
Sale Prices
Home sale price measures
were all positive in June. The
median sales price rose 8.6%
when comparing June 2012 with
the same month in 2011 and 2.9%
when comparing the first two
quarters of 2012 to that period in
2011. This is the third consecutive
month in 2012 that the median
home price has risen.
Information provided by RMLS
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