THE AGGREGATE MARKET:
The market last week was quieter, exhibiting numbers slightly better than 2019 year-over-year. We had 103 sales last week and 101 under-contracts, which is a very balanced market. That said, these numbers are reflective of a typcial middle August; this is a slower rate of new listings and and under-contracts than recent 2020 weeks.
Price changes ticked up from super low (37) the previous week to 55 this week, which indicates more sellers getting serious about selling. Still, 2019 year-over-year there were 95, which is more normal behavior for the market.
Sellers, please note that if you need to do a price reduction, it is better to do so earlier rather than later. We have no guarantees on what to expect from buyer activity this year.
