End of Summer State of the Market

Summer usually has some of lowest inventory levels of the year and 2019 is no exception.  New listings of single family homes were down slightly but the number of condos/TICs were up slightly compared to a year ago. 

Single Family Homes:

Average selling prices for single family homes continue to be a historic highs.  In July, the average days on market (DOM) for 2bed/1bath and 3/2 single family homes were 17 and 22 respectively and premiums (selling price divided by listing price) were 118% and 122% respectively.

As of 8/13/19 thee is a 2-week supply of 2/1 and a 3-week supply of 3/2 single family homes. 

Condos:

Condos, like single family homes, are also selling at historic high prices.  The three configurations we track (1/1, 2/1 and 2/2) average selling prices in July were $865k, $1,201K and $1,449k respectively. 

DOM were 36 days, 21 days and 36 days.  Premiums were 111%, 117% and 104%.

Inventory is more plentiful:  1/1 inventory is 6 weeks, 2/1 inventory is 4 weeks and 2/2 inventory is 8 weeks.

Our reports can be found at www.boldsf.com/Statistics