A M. Appraisals Blog

For the 12-month period spanning August 2018 through July 2019, Pending Sales in the CMLS region were up 4.3 percent overall. The price range with the largest gain in sales was the $300,001 and Above range, where they increased 17.4 percent.

The overall Median Sales Price was up 6.3 percent to $176,500. The property type with the largest price gain was the Single-Family Homes segment, where prices increased 7.1 percent to $182,000. The price range that tended to sell the quickest was the $100,001 to $150,000 range at 39 days; the price range that tended to sell the slowest was the $300,001 and Above range at 79 days.

Market-wide, inventory levels were up 5.0 percent. The property type that gained the most inventory was the Single Family segment, where it increased 5.7 percent. That amounts to 2.9 months supply for SingleFamily homes and 2.6 months supply for Condos.