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Market Report: July 2015

8/18/2015

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July 2015 saw a slight reduction in sales when compared to July of 2014.  However, 2015 still remains a really strong year for sales.  With the increase in contracts, we could likely see August and September have better sale statistics when compared to 2014. 

Highlights:
  • Year to date home sales are still up 6% this year as compared to this time last year despite the current month's decline.
  • The median days on the market, for July 2015, is down by 11% when compared to July 2014.
  • The year to date median sales price, for 2015, is 7% higher when comparing  2014 at this time. 
  • July 2015 contracts are up 5% when compared to July of 2014.

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  • July house sales, in 2015, are down by 16% when compared to July 2014.
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  • The median sales price for July 2015 is down by 4% when compared to July 2014.
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  • The median days on the market, for July 2015, is down by 11% when compared to July 2014.
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  • Year to date home sales are still up 6%  this year as compared to this time last year despite the current month's decline.
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  • The year to date median sales price, for 2015, is 7% higher when comparing  2014 at this time. 
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  • This year so far we've seen the median days on the  market fall 11% when compared to this time last year. 
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  • ContracThe inventory in July 2015 was down 9% when compared to July of 2014.
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  • July 2015 contracts are up 5% when compared to July of 2014.
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  • The annual pace of contracts for 2015 is 6% higher than at this time in 2014.
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