July 2014 Market Report
The 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.
