The housing market in June remained strong in June coming off a torrid May. The area recorded 3440 closed MLS sales ( not counting FSBO's and Foreclosures no listed in the MLS).That was up +11.1% over last year. The median price of a home improved to $158,500, up 18.7% over June 2012.
Cash sales backed off to 43.5%, trending downward every month since January when cash sales amounted to 50.8%. This may suggest rising home prices are taking investors out of the market as their ROI formulae become unattractive at higher market prices.
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