AVG Sale Price Rebounds. Strong Numbers VS Last Year

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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