August Residential Highlights:
New listings (215) increased 12.0% from the 192 listed in August 2020, and decreased 7.3% from the 232 listed in July 2021. Pending sales (182) decreased 17.6% from the 221 offers accepted in August 2020, and increased 8.3% from the 168 offers accepted in July 2021. Closed sales (161) decreased 11.0% from the 181 closings in August 2020, and decreased 5.8% from the 171 closings in July 2021.
Inventory and Time on Market:
Inventory increased to 1.7 months in August. Total market time decreased to 22 days.
Year to Date Summary:
Comparing the first eight months of 2021 to the same period in 2020, new listings (1,605) increased 8.7%, pending sales (1,274) decreased 5.0%, and closed sales (1,157) increased 0.7%.
Average and Median Sales Prices:
Comparing 2021 to 2020 through August, the average sale price has increased 21.8% from $255,800 to $311,500. In the same comparison, the median sale price has increased 20.9% from $235,000 to $284,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
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*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.