Sales were up 13.8% compared to last August and the median sold price was up 1.5% from last August. August foreclosure sales in Mercer jumped from 53 last month to 72 in August (a 36% increase and were 15% of all sales).Inventory decreased by 1.8% this month, and is 15.1% lower than a year ago. The Months Supply of Inventory dropped to 4.8 months compared to 6.1 months in August 2016.Sales in August were up 13.8% from last August and are up 10.1% YTD. Excluding all foreclosure sales, normal sales were up 10.6% from last August and are up 8.5% YTD. The Property Marketing Period was down from 42 days last year to 35 days this year.The median sold price this month was up 1.5% compared to last August but is down 0.4% YTD. Removing foreclosures, the median sales price of normal sales was $315,000, a 7.1% increase over August 2016.The sold price to original list price ratio typically in the range of 94-96% was at 96.8% in August and was 95.9% for August 2016. In August the sold price to list price ratio was at 98.1% compared to 97.9 last year. For more information Mercer County Market TrendsCourtesy of: Trend MLS
