August has been a very busy month, and buyers are making offers, as most of my listings are either sold or are getting good action of showings and lots of inquires from out of town buyers.
- August 2019 residential sales are up by 9.1% compared to August 2018, but for the first time in a while, prices are higher than last year with the median up by 2.4%.
- The big jump in sales occurred in the $320K-$440K range with a still healthy rise in the $440K-$560K range. Above the $560K range sales were lower than last year. Luxury homes are selling slower, and we see many price reductions in the 1 Mill and up.
Where are we headed in the current market:
There are many potential influences on the real estate market and the economy as a whole could play a