lower mission DETACHED - MAY 2 0 2 4
MONTHS OF INVENTORY 10.5 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 6% VS 2023
▲ 55% VS 2023
▲ 10% VS 2023
▼ 4% VS 2023
There were 116 detached listings in Lower Mission in May, 7% above April and 55% higher than May 2023. May detached home sales remained the same month-over-month, at 11, and were 10% above May 2023. The months of inventory for detached in Lower Mission, at 10.5, reflected a buyers' market.
THIS MONTH No. $1,076,236 $1,102,888 10.5 11 116
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
10 75
-4% 6% 41% 10% 55%
$1,112,364 $1,050,000 9.8 11 108
-3% 5% 7% 0% 7%
The detached median price in May was $1,102,888, a 5% increase from April and 6% above May 2023.
$1,115,280 $1,037,200 7.5
The average sold price was $1,076,236, 3% below last month and down 4% to May 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE 116
108
39
39
98
98
96
92
92
80
88
87
75
74
71
28
15
14
13
12
11
9
9
6
6
5
11
10
2
$1.45M
$1.43M
$1.24M $1.16M $1.17M
$1.15M
$1.06M $1.10M $1.12M $1.05M $1.10M
$1.04M
$1.01M
May-23
Apr-24
May-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
6.0
25
20
15
2.6
10
1.0
5
0
<$600K
$600-799K
$800-999K
$1.0M-1.24M $1.25M-1.49M $1.5M-1.74M $1.75M-1.99M $2.0M-2.49M $2.5M-2.99M
$3M+
MOI INVENTORY SALES
1 1 1.0
2 12 6.0
8 21 2.6
0 29 n/a
0 14 n/a
0 4 n/a
0 13 n/a
0 8 n/a
0 14 n/a
Copyright © June 10, 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of June 10, 2024. All data from Association of Interior Realtors & Rennie. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 31 ●
Made with FlippingBook - professional solution for displaying marketing and sales documents online