August 2020

MARKET REPORT FOR AUGUST 2020

In August we are continuing to see very strong market activity with Closed Sales up 16.5% and New Pending Sales up 42.4% from the same period last year. Inventory continues to struggle to keep up with market demand and Active Listings are down -37.1% compared to August 2019. Not surprisingly, Average Sale Price is up 24.9% year-over-year, reflecting the increased market activity and reduced inventory.