Prices continue to move up in June

A very active spring real estate market that included low inventory and interest rates starting to tick up from their historical lows has resulted in both sales and prices going up in June. Condominium sales and prices were also up compared to the same month the year before. Realtors across the state are reporting that activity continues to be strong after the 4th of July break. (see graphs below – click on them to enlarge)

Direct link to podcast.

Link to June 2013 housing release

Highlights from the release:

  • Single-family home sales were UP 1.6% compared to last year
  • Single-family median prices were UP 6.9% ($350,000) (9th straight month)
  • Single-family median prices at highest point since August 2007 when the median price was $357,000
  • Condo sales were UP 0.4% compared to the same time last year
  • The median price for a condo was UP 2.9% ($220,000) compared to last year
  • Only third time median price for condo has gone over $300,000-mark

June 2013 SF chart

 

 

June 2013 CC chart

 

 


We also wanted to let you know that because of the change that one the multiple listing services we receive data from made a change in how it categorizes “under agreements”, we are unable to provide inventory, days on market and months of supply data for June 2013. We are continuing to work with our analytics vendor to create a solution.