According to MARIS (Mid America Regional Information Systems) MLS year-over-year statistical data, the median sales price for homes rose 5% from $185,000 to $195,000. In addition, days on market dropped from 11 days in June 2017 to 9 days in June 2018. While single family homes sold experienced an 8% decrease with 2,057 in 2018 compared to 2017’s total sales of 2,231.
Both active and new listings saw diminishing numbers with new listings down 1% at 2,796 compared to 2,828 in 2017 and active listings down 8% at 4,225 compared to 4,593 in 2017. Months of inventory held steady in comparison to June 2017 at 2.05 months. A healthy housing market is considered to hold a six-month supply of inventory.