As we move into fall, it looks like the market is going to remain strong for sellers. The market typically cools off at the end of summer but low inventory continues to favor people selling their home.
Here are a few important stats:
- The average sale price from August 2020 to August 2021 increased by almost $40,000 (265k to 305k)
- Total number of sales have decreased the last two months: 2,185 in June, 1,822 in July and 1,761 in August
- Supply has remained relatively flat with only 1.3 months of inventory in the last few months. In August there was a small uptick with 1.4 months of inventory
Things I'm experiencing while I help buyers and sellers:
- A decline in the number of multip...