Real Estate

August stats are out…

Our listing inventory is at 8 months.  That’s up from July’s 7.3, but look at our pending sales!  Pending sales rose to 24.9% compared to a year ago.  (Our inventory includes all those pending sales.) Year to date our pending sales average is up 10.9%.  Closed sales increased 11.1% while new listing dropped 21.4%.  Average Market Time (how long it takes to sell a house) for August was 158 days, year to date is 162 days.

There are more stats available, but I don’t want to boggle you with all the numbers.  If you have questions, just post a comment and I’ll respond as quickly as I can.

These residential statistics are based on monthly figures reported by RMLS™ of which I am a member.

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