The numbers are in, and they are looking up with 1,443 closed sales which is up from May's 1,347. The median price is also up over May at $217,500 compared to $211,400. Unfortunately, interest rates are up as well with an average rate of 6.35% compared to 5.94% in May. The inventory of homes available for sale and the months of supply both went down. The inventory stands at 24,575 which is a decline of 440 properties. The months of inventory supply is down to 17.03 months which is a decline from May's 18.57.
I will have the full Market Pulse posted to www.DavidWelch.com later today.
www.DavidWelch.com, www.RealEstateOptimist.com
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