August 2017 Market Update

August continues to show signs of a balanced real estate market. A total of 83 homes sold in the month of August, which is down by 31% significantly compared to August of the previous year.

The average sale price of a home in the month of August was $422,733, which is up by over 16% compared to the previous year. We continue to see the number of sales to active listings even out with a 58% list to sale ratio. This means just under 60% of homes that go to market are selling.

The overall number of homes selling continues to be down but the value of the homes that do sell has stayed stable and even continue to increase over the previous period of time last year.

So what does this mean for anyone looking to sell? Its more important than ever to have a knowledgeable Realtor working for you! The right marketing and price will sell your home and for a good price!

For more information on market, and value of your home, call or text me anytime at 905-375-0062