Economic Indicators: Home Prices Up; Unemployment 2.7 Percent

economic graphic with arrows going up and down

The latest economic indicators report is out so you can see what’s up and what’s down in our local economy.

These monthly economic indicators serve as one of the tools used by our budget staff and the Board of Supervisors to make decisions on the county’s budget. The FY 2019 Budget became effective on July 1 and will be revised by the Board on Sept. 25 when they vote on the FY 2018 Carryover package.

Read the latest Economic Indicators report

 

What’s Up

Home Prices: The average sales price of all homes that sold in July 2018 in our county was $603,920, an increase of 4.1 percent over the July 2017 average sales price of $580,381.

A chart showing county home sales in August 2018.

 Tax Receipts: Sales Tax receipts distributed to the county in August for retail purchases made in June were $16 million, an increase of 0.4 percent over August 2017. August is the first month of our FY 2019 Sales Tax receipts.

 

What’s Down

Home Sales: In July, 1,577 homes were sold in the county, a decrease of 4 percent from the 1,642 homes sold in July 2017.

Unemployment: The county’s unemployment rate is 2.7 percent and is down 0.5 percent from June 2017.

Home Sales/Active Listings: The number of active listings in the county in July was 2,807, a decrease of 13.7 percent from the 3,253 listings in July 2017.

 

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