06/05/2015
Numbers, numbers and more numbers. Statistics can be helpful and sometimes overwhelming. These are some statistics for May 2015.
The Facts for May 2015
Number of combined residential & condo sales was 1,926, that’s an increase of 7.7% compared to 1,789 sales in May 2014
Number of residential sales was 1,584, that’s an increase of 6.6% compared to 1,486 sales in May 2014
Number of condominium sales was 342, that’s an increase of 12.9% compared to 303 sales in May 2014
The average sale price of all residential homes, including condominiums was $386,040. That’s an increase of 1.4% compared to $380,844 in May 2014
Breakdown:
Average Sale Price of residential homes was $411,790, an increase of 2.6% compared to $401,271 in May 2014
Average Sale Price of condominiums was $266,940, a decrease of -4.9% compared to $280,661 in May 2014
Average Cumulative Days on Market was 72 days (residential and condominium combined), an increase of 1.4% compared to 71 days on the market in May 2014
So what does it all mean? Well our housing market is still strong. There are more sales than ever, and the residential homes are still increasing in price.
The numbers seem to be saying that condominiums are slowing…more for sale, more built, more time on market…but less price.