Market Update-August 2018

Summer is just about over and signs of Fall have started to appear everywhere…the kids are back in school, everyone is settling back into a routine, and the leaves are even starting to change.

With, Fall also comes an influx of inventory of listings too! The market is at a perfect point to sell or buy with balanced conditions lending itself to fair prices on real estate for both buyers and sellers.

Inventory

To give you a more in-depth view of the Real Estate Market, here is a month over month comparison:

Sales: 1044 total in August 1152 in July

Sale Price: $715,000 average in August, $740,000 in July

Active Listings: 5380 actives listings in August, 5490 active listings in July.

The overall market speed came in at 19% which is a balanced market. Are you interested in seeing the statistics for your specific area? Get in contact with me and I will happily send you a report! I would also love to sit down and grab coffee with you if you have any further questions, just give me a call at 604-533-3491

 

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