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Home Prices

 

 

The median home price was $478,696 in July, which was a decrease of 5.1 percent from June and a 0.4 percent decrease from July of last year.

 

Home Sales

 

 

A seasonally adjusted 39,392 homes were sold in July, which was down 2.1 percent from June and down 12.2 percent from July of last year. Currently, 2017 is trailing 2016 by approximately 12,738 home sales.

 

Inventory - Month's Supply

 

 

The sales-to-new-listings ratio dropped to 53.5 percent in July. This ratio could indicate a balanced market in the majority of regions.