The Median Sales Price in April was $218,000, up 1.4% from $214,975 in April of 2014 and up 3.0% from $211,650 last month. The Average Sales Price in April was $273,071, down -2.4% from $279,755 in April of 2014 and down -6.7% from $292,744 last month. April 2015 ASP was at a mid range compared to April of 2014 and 2013.
Inventory & MSI
The Total Inventory of Properties available for sale as of April was 4,189, up 6.1% from 3,949 last month and up 1.8% from 4,114 in April of last year. April 2015 Inventory was at a mid range compared to April of 2014 and 2013.
A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The April 2015 MSI of 5.6 months was at its highest level compared with April of 2014 and 2013.
The average Days On Market(DOM) shows how many days the average Property is on the Market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer's market, a downward trend a move towards more of a Seller's market. The DOM for April was 66, down -14.3% from 77 days last month and down -2.9% from 68 days in April of last year. The April 2015 DOM was at its lowest level compared with April of 2014 and 2013