|MEDIAN SOLD PRICE||$130,000|
|AVERAGE SOLD PRICE||$159,561|
|MEDIAN % ORIGINAL LIST PRICE||94.9 %|
|MEDIAN TIME TO CONTRACT||59 days|
|MEDIAN TIME TO SALE||95 days|
|NEW PENDING SALES||720|
|MONTHS SUPPLY OF INVENTORY||5.5 months|
In May we sold 612 homes. I can’t remember the last time we sold so many homes. June 2015 was close with 606 closings. Looking back at past market reports you can see a trend with closings and prices going up and listings and days on the market going down. At the current rate of sales we are in a neutral market with 5 1/2 months of inventory. Another interesting statistic is that our median home price of $130,000- , although low compared to other states, was up almost 16% compared to June 2016. Another indication of where the market is going. As I have said numerous times in the past there has been very little new construction here since the market crash in 07 and I expect a sellers market as a result.