May 2019 MIBOR Market Update

Statistics show a strong indication that prices are beginning to stabilize, which is a welcomed notion for buyers.  Last year at this time, median sales prices were increasing in the double digits, now growth is half to a third of that.  Additionally, closed price to original listing price had been growing for over 6 years, (May 2012 – October 18) but since November 2018 that has been steadily declined.

  • Median sales price increased 3.2% to $196,000
  • Average days on market was unchanged at 36
  • Current active listings increase to 5,431.

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