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Local Market Review: Housing Activity Remains Positive, Pace Slows Slightly in August

Published Monday, September 21, 2015

Housing data released by MIBOR this week shows continued increases in pending sales, closed sales, new listings and sales prices, albeit to a lesser degree than busy spring and early summer months of 2015. Pending sales increased 4.7 percent in the monthly comparison of August 2015 to the same period last year. In the quarter ending in August, pending sales climbed 7.8 percent. Closed sales increased by 3.9 percent as well in August and by 12.0 percent in the three-month review. New listings rose 4.7 percent in August after a decline the month before. 

Sale prices also saw increases in both the one- and three-month reviews. The average sales price increased by 2.8 percent in August and 4.2 percent in the three-month review. Median sales price had a similar jump of 2.7 percent in August and 5.2 percent rise for the three months ending in August.

Along with the Monthly Indicators Report, a one-page report of each county within the service area is also provided. In total, these data sets are intended to be a snapshot of the market, providing historical comparisons whenever possible. The data was pulled from the BLC® listing service on September 17. To download the Monthly Indicators report, click here. To view the one-page county reports, click here.

Please note, due to the length of the reports, it may take a few minutes to download. If you have questions regarding the data, please click here