Our friends at First Centennial Title have released their Market Condition Report (MCR) for June. (Click on the report below to enlarge.)
Commentary from May’s MCR…
Most prominent trends: Demand down 5 closings from last month (-0.7% per month). This is an increase from last month. Median Price up $4.177 (2.2% per month), down slightly from last month. Days on the Market is off a minor -1.2 per day per month (.8%) on a base of 144 days. No change from last month. Additionally, there is historically low supply relative to demand. These trends are in line with other areas surveyed. Because the seller/buyer ratio is low (1.2), expect the price trend to continue. Condo/Townhome is even tighter than SFR. The market has settled into a trend of rising prices, robust demand, and limited supply.
Related post: FCT’s Market Condition Report – May 2013
