August Stats are Here!!
There were 38% less sales this August compared to last. But the average price of a home last August was $336,336 and the average sales price this year is up to $355,782.
Buyers – Listing inventory was 10% lower this August than last. Inventory is what drives our market and gives buyers’ choice. It is nice to see that the numbers are a little lower but we are still in a buyers market.
Sellers – How long to sell? Last year I would have said about 98 days, this year it is taking a little longer with the average days on market coming in at 135.
View full stats here – August 2010 Real Estate Stats