Monday, July 11, 2011

June sales statistics

We've just posted our monthly sales statistics report for June.  For the five benchmark property configurations we survey, inventory is down in four of the five categories compared to last month and compared to the same month last year.

Average sales prices for June were mixed.  Compared to last month, average sales prices in four of the five categories we survey were down.  Only 2bd/2ba condos averaged higher sales prices than last month.  Compared to the June of 2010 the average sales price for 3bd/2ba single family homes was higher as were 2bd/1ba and 2bd/2ba condos.  However, 2bd/1ba single family homes and 1bd/1ba condos averaged lower sales prices this June compared to a year ago.

Activity levels (number of properties sold) were also generally up in June compared to May and compared to June, 2011.  The exception was 2bd/2/ba condos which sold substantially fewer units compared to last month and June of last year. 

As a reminder, the deadline for qualifying for the federal tax credit last year was the end of June.  So, while average sales prices continue to ease, it appears that the number of transactions remains stead even without the tax credit incentive.

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