lower mission DETACHED - JUNE 2 0 2 4
MONTHS OF INVENTORY 10.1 BUYERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL LISTINGS
SALES
▲ 24% VS 2023
▲ 9% VS 2023
▲ 32% VS 2023
▼ 20% VS 2023
There were 121 detached listings in Lower Mission in June, 5% above May and 32% higher than June 2023. June detached home sales increased by 9% month-over-month, to 12, and were 20% below June 2023. The months of inventory for detached in Lower Mission, at 10.1, reflected a buyers' market.
THIS MONTH No. $1,501,167 $1,250,000 10.1 12 121
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL LISTINGS TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
15 92
24% 9% 64% -20% 32%
$1,076,236 $1,102,888 10.5 11 115
9% 5%
The detached median price in June was $1,250,000, a 13% increase from May and 9% above June 2023.
39% 13% -4%
$1,209,387 $1,150,000 6.1
The average sold price was $1,501,167, 39% above last month and up 24% to June 2023.
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
115
121
39
108
98
98
96
92
35
92
80
88
87
74
71
14
13
12
11
11
18
9
9
15
6
6
5
12
2
$1.45M
$1.43M
$1.25M
$1.24M $1.16M $1.17M
$1.15M
$1.06M $1.10M $1.12M $1.05M $1.10M
$1.01M
Jun-23
May-24
Jun-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 5
BALANCED 5 - 8
BUYERS' MARKET 8+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
30
15.0
14.0
25
12.0
20
10.0
15
7.0
6.7
10
5
0
N/A
<$600K
$600K-799K $800K-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 $3.0M+
MOI INVENTORY SALES
0 1 n/a
3 20 6.7
2 20 10.0
4 28 7.0
1 12 12.0
0 4 n/a
1 14 14.0
0 7 n/a
1 15 15.0
Copyright © July 8, 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 July 8, 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 ●
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