July 2011 Statistics- What Home Owners Should Know!

 

MRIS has finally released the stats for this past month of July 2011 and it was a slow one.

Statistic Values YoY MoM
Total Sold Dollar Volume $135,094,600 +3.26% -7.77%
Closed Sales 244 +7.49% -1.61%
Median Sold Price $500,000 -5.66% -5.03%
Avg Sold Price $553,666 -3.93% -6.26%
Avg Days on Market 55 days +14.58% +30.95%
Avg Sold to Orig List Ratio 95.64% -0.89% -1.02%

By the looks of the table above, the month of July was not a prosperous one.  Median prices and average sold prices  for homes sold decreased, meaning it was not a good month for homeowners who were selling. Less homes that were listed were purchased by buyers which increased the number of days a listing is on the market. 

    

Homeowners shouldn’t be discouraged, it is evident that this was just an off month. Many individuals, during the month of July are out on vacation trips and etc. I feel confident that it will change for the upcoming months.

 

Another point that I do want to make is that there wasn’t many new listings entered this past month which also plays a role in the decrease in statistics.

 

  For more statistical data on this area or another area: Statistics for month of July 2011

Interested in listing your home or just want some more stasticals information for our area?

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