June’s showing topped off a first half of 2017 which saw 7,757 sales transactions of single-family homes and condominiums, compared to 7,486 during the first half of 2016, a three percent increase, the board said.
A cumulative sales volume of $1.2 billion dollars (up ten percent) brought the average sale price up six percent to $154,374 and the median sale price up five percent to $132,000 for the six-month period.
Listings submitted in the month of June reflected the tighter inventory in the housing market, with 2,177 entries, a drop of just under one percent from June 2016. For the January-June period, 11,145 listings were entered, a three percent decrease from the same period last year.
The overall active multiple listing services single-family and condominium inventory at the end of June stood at 4,845, representing a 2.8 month supply of listings based on June’s resale rate, the board said.