Inventory is increasing, in MOI terms, largely because of a reduced pace of buying. June YoY numbers of listings went from 583 to 827, while sales went from 669 to 501. That moves MOI from 0.9 to 1.7, YoY. Still, 1.7 is a low inventory number, and it still reflects in pricing. Year-over-year the Average Sales Price went from $242,000 to $282,000 in June. Median Sales price reflects a similar increase, from $210,000 to $241,000.
Off MLS, the mid-year number of residential permits issues by the city hovers around 1400 – roughly half of last year’s record total.
Our Mover’s Moving Index reflected a summer number, 273.