Slow and Steady on increasing sales. On track for beating last years record numbers.
July had 28 more closed transactions than last year, an increase of 6.29%. Year to Date sales is up 89 Transactions from last year, an increase of $3.43%.
Active Listings also dropped earlier than normal for this time of year. which is great. and average prices are soaring with YTD average price up to $292,000.
But the trend for the last couple of years and holding the same, and that is new homes are down.
Even though July was the best sales July in six years, it was the worse for new homes in six years. the bar graphs will show that in the closed units for both. Which means existing sales are not only making up the fall in new home sales bt even coming in stronger to max overall sales up even with the down turn in new home closings.
Could be the prices of construction is getting to high for some, or after the last crunch people are looking for more for their money, or HGTV has a DIY attitude in buyers. wish i could say which or something else causing it.
Still a bunch of bigger homes on the market. YTD average sales price is $292,000 and the median is $245,000, But to show the difference i pulled up for active listings and the average asking price is $437,100 and the median is $333,000
To check out all the numbers click Here for The Preston Report