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7% on a year-over-year basis in July. By comparison, the benchmark home rate rose by 24. 6% to $203,900, from year-ago levels. The typical rate of homes sold in July 2021 was $248,723, an increase of 15. 1% from July 2020.  Click Here For Additional Info  detailed year-to-date average cost was $257,520, a substantial gain of 23.

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The dollar value of all home sales in July 2021 was $69. 4 million, edging up 0. 7% from the same month in 2020. This was a new record for the month of July. The variety of new listings saw a modest gain of 3. 8% (14 listings) from July 2020.

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This was the biggest number of new listings included the month of July in more than 5 years. New listings were 5. 5% above the five-year average and 4% below the 10-year average for the month of July. Active property listings numbered 602 systems on the marketplace at the end of July, down sharply by 12.

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Active listings have not been this low in the month of July in more than 20 years. Active listings were 44. 6% below the five-year average and 60% below the 10-year average for the month of July. Months of inventory numbered 2. 2 at the end of July 2021, unchanged from the 2.

8 months for this time of year. The variety of months of inventory is the variety of months it would take to offer current stocks at the current rate of sales activity.

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