Activity is surging. There are some notable numbers, the first of which is Days On Market. Last June we had a DOM of 41 days, This year we had a DOM of ONLY 15 days. Basically, if you put a home on the market, you better have your boxes packed.
Active Listings were down 8.3%, but Closed closed sales were UP 23%. Wow….It’s crazy out there.
|June 2016||June 2017||Change|
|Days on Market||41||15||-63.4%|
|Ave Sales Price||$485,000||$529,000||+9.1%|