When comparing the most recent 6 month period with the same period last year, the median sale price increased 5.8%. There are currently 2.7 months of housing inventory. Recent market exposure median days: 11 and average days: 31. I anticipate that fewer than 90 days of marketing time will be required to sell the properties if offered today. I consider the property value trends to be a reliable indicator of the direction of property values, but not necessarily an exact percentage due to disparate data in the market area.
Brian A. Ward
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