If anything has remained steady this year (as with previous years) sale prices yet again remain higher then ever. They have persevered throughout the annual report despite bloated inventory and poor sales
Although the chart shows that we reduced in numbers, July hit the top of the charts with all time high record breaking inventory. Last year enjoyed low inventory to mask the sub-par sales performance but this year does not afford that luxury.
With just under an additional 1000 listings from last year, this stat is the major contributor to the ever expanding inventory levels. Market activity has picked up in recent weeks and inquiries are also up. We didn't come in last place overall this month, so hopefully the momentum carries.
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Jeremiah Wallace, CD
Jeremiah has been involved with many aspects of the Real Estate industry for over fourteen years. This includes construction, residential renovations, interior design, and investing in various income generating property products..
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