AVG Sale Price Rebounds. Strong Numbers VS Last Year
Posted by Lauren Perreault on Tuesday, July 25, 2023 at 2:04:29 PM
By Lauren Perreault / July 25, 2023
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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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