At the end of the summer it is important to look back and identify significant trends going into the final 4 months of the year. Below are some interesting stats to share with your SOI.
$355,576 average sales price. The average sales price has been flat for 5 moths.
In August homes sold for $3,452 over asking, the closest to list price in 18 months.
54.6% of homes sold over list price. That is down from a peak of 70% in June.
18.1% of homes needed price reductions to sell nearly twice as many as last August
There is 40% more inventory than the same time last year
David Veldkamp
Owner | RE/MAX GR
616.460.6123