The median price for a single-family home hit the $400,000 mark for the second month in a row in July. Single-family homes saw a dip in sales over last year, while condominiums sales rose slightly. Inventory also reached the lowest level for the month of July since MAR began recording the data in 2004.
Read more in the full July 2017 Closed Sales Release.
- July single-family home sales went down -1.2% over last year (5,709 sales in 2017 from 5,777 sales in July 2016)
- July single-family median prices went up 5.3% year-over-year (to $400,000 in 2017 from $380,000 in July 2016)
- July condo sales went up 3.1% and median prices went up 3.1% (to $370,000)
- Inventory in July went down -28.6% to 13,788 and condominiums available down -27.3% to 3,750
- SF listings added to the market in July went up 2.0% over last year. (6,266 from 6,142 in 2016)
- Condo listings added to the market went down -1.9% over last year. (2,222 from 2,265 in 2016)