I just love numbers, and I think looking at numbers is a great way to start off the week. The local real estate market is still as hot as the weather as summer comes to an end. Median home prices are down oh so slightly from July an are sitting at 158,950 as compared with around 161K for July.
Home sales remain as strong as they were in the spring. Average home prices were up slightly. Just for fun I calculated the average days on market for the homes that sold in August and it came out to 48.6 days. Not bad.
The inventory of homes on the market continues to slowly rise as more home owners are putting their homes on the market while at the same time home sales are going down slightly each month as is common this time of year.
It is still a good time to sell. The numbers used to make the table above were taken from the Northstar MLS and are deemed reliable but not guaranteed.
For more numbers like these but different because they are not for August 2013 please see local market conditions and home prices. I have been tracking these numbers for longer than your real estate agent has been in business.