Our market continues to be intense, as listing prices, selling prices, and the sold-to-list ratio are up from last month. The median list price for June was $375,000, up $8,000 from May; and the median sale price for June was up over $11,000 from May’s, coming in at $352,000. The Sold-to-List Ratio for June topped at 102.8%, while in May it was only up to 101.2%. This means that list and sale prices have both gone up, and sellers are still getting above asking price on their homes.
And the trend is even more notable when you compare June 2021 to June 2020. In June 2021, there was a 25% increase of homes sold, bringing the total up to 300. The average sales price went up 32.65% to $402,110; and the median days on market dropped to 55 days, falling 31.25%.
We are going to repeat what we said last month: BUYERS, make sure you are pre-approved and ready to act quickly. SELLERS, NOW would be a great time to list your home to take advantage of this hot real estate market.