Are you ReadySell, This June, the nation’s inventory of active
home listings continued decline, albeit at a slower pace, according to new data. Inventory decreased by 4 percent year over year and continued to sell at a rapid pace, moving 10 percent more quickly than in June 2017. Listing prices continued to reach new highs, as prices increased by 9 percent year over year.
The median age of properties on in June reached 54 days, 6 days less than last June and 1 days less than May. Homes are expected to continue to sell rapidly, despite continued increases in listing prices.
The median listing price, reached $299,000, its highest point since inventory data series commenced in early 2012. Listing prices increased 9 percent over last June and do not yet show signs of slowing down, as they have increased on average 9 percent year over year for the last 12 months.
State by state trend click on image to see your City
This June, inventory grew by 4 percent over May, showing a typical seasonal increase. However, inventory decreased 5 percent over last June. This annual rate of decrease is slower than the 8 percent average decrease in the previous 12 months.
Approximately 547,000 new listings hit the market in June, 2 percent lower than the previous month but 2 percent higher than June of last year, providing some relief to tight inventory conditions.
June Data Shows Deceleration in the Rate of Inventory Decline but Continued Increases in Prices and Decreases in Time Spent on the Market
Ready to Sell now is the Time, We have a wealth of information and 18 years of experience to help you get started. Visit us at WWW.PrecisionReal-T.com or if you prefer a more personal touch Call us today at 801 809-9866.
#RealEstateForSale #Homeownership #UtahRealEstate #MortgageRates
The median age of properties on in June reached 54 days, 6 days less than last June and 1 days less than May. Homes are expected to continue to sell rapidly, despite continued increases in listing prices.
The median listing price, reached $299,000, its highest point since inventory data series commenced in early 2012. Listing prices increased 9 percent over last June and do not yet show signs of slowing down, as they have increased on average 9 percent year over year for the last 12 months.
State by state trend click on image to see your City
This June, inventory grew by 4 percent over May, showing a typical seasonal increase. However, inventory decreased 5 percent over last June. This annual rate of decrease is slower than the 8 percent average decrease in the previous 12 months.
Approximately 547,000 new listings hit the market in June, 2 percent lower than the previous month but 2 percent higher than June of last year, providing some relief to tight inventory conditions.
June Data Shows Deceleration in the Rate of Inventory Decline but Continued Increases in Prices and Decreases in Time Spent on the Market
#RealEstateForSale #Homeownership #UtahRealEstate #MortgageRates
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