AVG Sale Price Rebounds. Strong Numbers VS Last Year
The Average Sale Price rebounded Up by 5% vs the Previous Week and landed just barely in positive territory at 0.5%Higher than Last Year at this time - suggesting that last week's low number was an anomaly. Another week or two should confirm.
The Supply of homes to purchase continued to Inch Up - but not as fast as last year. We now have 6.1% Fewer Homes on the open market vs Last Year at this time.
Buyer Demand Rebounded back to our trend line after the July 4th holiday week with 680 New Deals. This number might be lower than expected following a holiday lull, possibly indicating some softening in buyer demand. We'll keep an eye on this number.
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