June 2024
Although inventory increased 39% in May 2024 versus May 2023, average sales price jumped to $851,349, a 6.1% increase. Contract activity was down 2.5% this May from last May and was up for just two price categories. Through the first five months of the year, contract activity is down 1.4%. The average number of days on the market for homes receiving contracts was 21 days in May 2024, up from 15 days last May.
June 2024
Inventory levels in May 2024 increased 37.6% versus last May. Despite that, average sales price continued to increase, landing at $882,180 -- a 10.2% increase over May 2023. Contract activity in May 2024 was down 6.5% from May 2023 and was up for just two price categories. Through the first five months of the year, contract activity is down 2.1%. The average number of days on the market for homes receiving contracts was 17 days in May 2024, the same as last May.
Details matter. A lot! When selling your home, you need an agent who will pay attention to the details that will set your home apart from the competition. Suzanne's unique and comprehensive strategy for preparing your house for sale and marketing your property deliver exceptional results. Call her today to learn more!