⬇️NEW LISTINGS IN JUNE: 354, down from 386🏡
New listings slowed slightly in June, with 354 homes hitting the market compared to 386 in May. This small decrease could reflect some sellers waiting for the right conditions or the right time to list.
 
⬆️ TOTAL ACTIVE HOMES: 719, up from 671 📊
The number of homes actively for sale grew to 719, up from 671 last month. This increase gives buyers more options, which can help reduce bidding wars and cool rapid price increases. A growing inventory is typically a healthy sign for buyers who have faced limited selection in recent months.
 
⬆️MONTHS SUPPLY OF INVENTORY: 2.86, up from 2.53 📉
The months supply of inventory rose to 2.86, up from 2.53 in May. This number measures how long it would take to sell all homes on the market at the current pace, and it's a key indicator of market balance. Though still considered a seller’s market, this upward trend suggests we may slowly be moving toward more neutral territory.
 
⬇️UNDER CONTRACT IN JUNE: 90, down from 108 📜
Only 90 homes went under contract in June, down from 108 the previous month. This drop could be a sign of buyer hesitation, perhaps due to interest rates, pricing, or simply more inventory to choose from. Fewer contracts may also point to buyers taking their time and being more selective.
 
⬇️TOTAL HOMES UNDER CONTRACT: 367, down from 387 🏠
The total number of homes under contract dipped to 367, compared to 387 last month. This softening suggests the pace of pending sales is slowing, which is common as summer progresses. Buyers and sellers may be adjusting their strategies as the market shifts toward more balance.
 
⬆️MEDIAN (HOMES SOLD) DAYS ON MARKET: 60, up from 55 ⏳
Homes are now spending a median of 60 days on the market, up from 55 last month. This increase gives buyers a little more breathing room when making decisions. Sellers should be prepared for slightly longer selling timelines and potentially more negotiation requests.
 
⬇️SOLD IN JUNE: 251, down from 265 🪧
There were 251 homes sold in June, a decrease from 265 in May. Even though sales dipped, the market is still active, and well-prepared homes continue to attract buyers.
 
⬇️MEDIAN SOLD PRICE $420,000, DOWN FROM $423,500 📉
The median sold price dropped slightly to $420,000, compared to $423,500 the month before. This minor adjustment shows that prices remain relatively stable but aren’t escalating like we’ve seen in previous years. Buyers may find small pricing advantages as inventory increases and competition softens.
 
⬇️ SALE PRICE/LIST PRICE RATIO: 98.12%, down from 98.25% 📈
The sale-to-list price ratio slipped to 98.12%, down from 98.25% in May. While homes are still selling very close to asking price, this slight decrease suggests some sellers are becoming more flexible. Buyers may have a bit more room for negotiation, especially on homes that have been on the market longer.
 
💰 Price Analysis:
🏡 Homes Sold Under $499,999: 162 sales
🏘️ Mid-Range Market ($500,000–$999,999): 73 sales
💲 Luxury Market ($1M+): 16 sales
 

 

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