Contracts were down at the end of June so July was not likely to be a stellar month and it wasn’t. We only had 71 sales reported by the GMLS last month. We’ll get a few late sales reported and seven to 10 private sales, but even if we get to 84 sales we will still be below the 98 sales in July 2013 and the 95 sales in July 2014. We will get to our 9 year average of 73 sales and June was a stellar month. With a little time shifting between months we have two above average months.
The good thing is we still have 103 contracts waiting to close. So August should look better than July.
So the raw number looks like this:
As of 8/1/15 | Inventory | Contracts | Last Mo. Solds | Tot. Solds+ Contracts | YTD Solds | YTD+ Contracts | Mos Supply | Mos w/ Contracts | Last Mo. Annlzd | ||||
< $600K | 9 | 2 | 0 | 2 | 12 | 14 | 5.3 | 5.5 | ###### | ||||
$600-$800K | 19 | 7 | 6 | 13 | 20 | 27 | 6.7 | 6.0 | 3.2 | ||||
$800K-$1M | 24 | 15 | 1 | 16 | 20 | 35 | 8.4 | 5.8 | 24.0 | ||||
$1-$1.5M | 40 | 9 | 18 | 27 | 82 | 91 | 3.4 | 3.7 | 2.2 | ||||
$1.5-$2M | 68 | 21 | 16 | 37 | 73 | 94 | 6.5 | 6.1 | 4.3 | ||||
$2-$3M | 114 | 19 | 13 | 32 | 68 | 87 | 11.7 | 11.1 | 8.8 | ||||
$3-$4M | 85 | 14 | 8 | 22 | 40 | 54 | 14.9 | 13.4 | 10.6 | ||||
$4-$5M | 47 | 5 | 3 | 8 | 20 | 25 | 16.5 | 16.0 | 15.7 | ||||
$5-7.5M | 81 | 7 | 5 | 12 | 26 | 33 | 21.8 | 20.9 | 16.2 | ||||
$7.5-$10M | 28 | 2 | 1 | 3 | 4 | 6 | 49.0 | 39.7 | 28.0 | ||||
> $10M | 54 | 2 | 0 | 2 | 3 | 5 | 126.0 | 91.8 | ###### | ||||
TOTAL | 569 | 103 | 71 | 174 | 368 | 471 | 10.8 | 10.3 | 8.0 | ||||
Inventory | Sales | Inv. – Sales Diff | |||||||||||
Count | 569 | 368 | 201 | ||||||||||
Total Sales $ | $ 905,283,029 | ||||||||||||
Average | $ 4,805,284 | $ 2,460,008 | $ 2,345,275 | ||||||||||
Median | $ 3,195,000 | $ 1,875,000 | $ 1,320,000 | ||||||||||
List Price | Sold Price | Inv. – Sales Diff |
More on this next week.
Mark Pruner, 203-969-7900, Douglas Elliman