In June, the average sales price was $685,000. That’s up about $54,000 compared to June of last year, when the average was $631,000—roughly a 9% increase. Now, that’s what the MLS is showing. But keep in mind, if a couple more million-dollar or multi-million-dollar homes sell, that can skew the average quite a bit.
What we’re actually seeing, feeling, and sensing in real estate—especially in cookie-cutter-type neighborhoods—is that homes that were selling three to five months ago are now selling for less. So, while the MLS data shows the average and even the median sales prices are up, we’re definitely noticing some softening in actual sale prices on the ground.
As for sold listings, there were 368 last month, which is about a 7% increase over June of last year. Pending listings—properties that have new accepted offers—came in at 351, which is about an 18% increase year over year.
In almost every stat we’re going over today—month-to-month and year-to-date—numbers are up: closed listings, active listings, pending listings, and new listings. Really, everything is up across the board. So don’t listen to all the negative media headlines saying everything is down. The only thing that’s really softening is pricing.
Now, for active listings, there are currently 1,801 homes on the market. Compare that to the same time last year, when there were only 1,264—that’s about a 43% increase. As for new listings coming on market, there were 488 last month, which is about a 4% increase compared to June of last year. Year-to-date, we’ve seen almost 15% more homes listed.
So, if we’re talking supply and demand, supply is extremely high, and demand is still quite strong. Sales are up across the board.
If we can help with anything related to real estate, The Ames Team is here for you. Give us a call—we’ll talk to you soon.
The Ames Team
License# 5497558-SA00
(435) 674-6011
https://amesteamutah.com/
Информация по комментариям в разработке