Here is a deeper dive into the most recent numbers from July 2019 – call us at The Wieloch Group if you need a detailed analysis of the statistics in your neighborhood!

Sales and Average Sales Price Overview

There were 7,426 closings for Residential Single Family Detached in July 2019. This reflects an increase of 2% over July 2018. 

There were 1,336 closings for Residential Single Family Attached in July 2019. This reflects a decrease of 9% over July 2018. The average sale price for Residential Single Family Detached was $335,433 for July 2019 vs. $319,508 for July 2018. The average sale price for Residential Single Family Attached was $270,829 for July 2019 vs. $258,958 for July 2018. 

YTD 2019 Sales and Average Sales Price Overview 

There were 44,170 closings for Residential Single Family Detached for YTD 2019. This reflects no decrease over 2018.

There were 8,755 closings for Residential Single Family Attached for YTD 2019. This reflects a decrease of 6% over YTD 2018. 

The Residential Detached Average Sales Price YTD through July 2019 was $324,733 vs. $310,815 for YTD 2018. This represents an increase of 4% for YTD 2019 vs. YTD 2018.

The Residential Attached Average Sales Price YTD through July 2019 was $274,447 for YTD through July 2019 vs. $260,145 for YTD 2018. This represents an increase of 5% for YTD 2019 vs. YTD 2018.  

July 2019 Active Inventory Overview 

Active inventory level for Residential Single Family Detached continues to increase with 20,088 active listings as of the end of July 2019 vs. 19,255 active Residential Single Family Detached listings as of the end of July 2018. 

This represents increase in active inventory for Residential Single Family Detached of 4%.

Active inventory level for Residential Single Family Attached continues to increase with 3,720 active listings as of the end of July 2019 vs. 2,860 active Residential Single Family Attached listings as of the end of July 2018. 

This represents increase in active inventory for Residential Single Family Attached of 30%. 

Total Active Listings All Property Types 

July 2019 33,173 

June 2019 33,301 

July 2018 30,468 

There were 13,687 new listings entered for all property types in July 2019 vs. 12,799 new listings entered for all property types in July 2018. 

Total new listings entered for all property types in YTD 2019 was 93,448 vs. 87,369 new listings entered for all property types in YTD 2018.