The statistics are a comparison of August 2019 and August 2020.
The chart below indicates:
Home sales Have INCREASED 12% compared to last year at this time
The average sold price for single family homes INCREASED 11%. Thus creating more equity for home owners.
The average days on market DECREASED 8 Days.
The amount of available inventory had DECREASED buy 3 weeks
This is indicating that homes are in a very HIGH DEMAND. The Average home price Increased dramatically by 11%. Inventory DECREASED making it a super competitive market to buy in.
The housing market is STRONG. A Whopping 11% increase in the average home price. With super low inventory the amount of homes sold still increased by 662 homes.
With Record low interest rates continuing as we approach the 4th Quarter of the year. As I suggested last month, the housing market continues to get stronger.
Critical to buy right now. With the average home price increasing by 11%. Why wait? Start building equity now.
If you are looking for guidance whether you rare buying or selling a home. Look no further than aligning yourself with people who conduct themselves with the highest of Integrity and Character.
We are your trusted advisors and a reliable resource.
Broker Associate / Realtor
Stay Gold Group of HomeSmart Realty