July 2014 Market Report

Snip20141002_3The report for July is finally out. Sales continue to be a little down from last year.  New listings are down 9% over the same period last year.  Days on the Market are about the same. The inventory of homes for sale has increased 30%. This means that we are basically in a buyers market.  It is a great time to purchase an investment property. The one bright spot is the fact that median home prices have been able to maintain a slight increase of almost 3%. With about 25-30 daily price decreases agents and home owners are still trying to adjust to the slower market. Home under $250,000 are still in demand. Call for a list of available properties.