| New Listings Increase, but Inventory Remains Low in July
17 Aug 2015 -
New Listings increased 9.4 percent to 15,293. Pending Sales were up 23.8 percent to 10,838. Inventory levels shrank 5.5 percent to 45,359 units. Prices continued to gain traction. The Median Sales Price increased 6.0 percent to $185,500. Days on Market was down 5.9 percent to 64 days. Sellers were encouraged as Months Supply of Inventory was down 22.4 percent to 5.2 months.