There were 28 closings in June as reported by the Multiple Listing Service (MLS). That is up about 21.7% from 23 closings in May. Of the June closings, 2 were bank owned, 2 were short sales, 16 were traditional sales, and 8 were builder homes. The average price per square foot rose by 8.7% to $99 from May’s number of $91 and is 26% higher than last June’s average of $78. Meanwhile the mean price increased by 23% from May when it was $221,000 to $272,113 and increased 60% over last June’s mean price of $170,000.
We are starting to see more traditional listings come on the market and many home owners are pushing pricing to see when the market will meet their price. Today there are 41 listings and 22 Pending sales compared to 48 and 32 at the beginning of last month. Inventory remains tight and it is becoming more challenging to find homes for prospective buyers.