“Buyers are using low interest to shift through the market”
An overall low inventory count has seen a flurry of activity on the well priced listings. Sales are very strong! Let’s see what happens after the long weekend into the fall.
HOT SUMMER MARKET !
Summer demand has hit the market with a low inventory count.
We are seeing interest rates at a all time low which has added to activity.
Houses up 14.2% townhouses up 12.8% condos down 1.3% compared to August 2019.
Total Listings 903 915
Sales 249 184
Days on Market 13 29
Moving forward. The uncertainty of Covid-19 is interesting.
To predict the fall, look at inventory counts come after the September long weekend.
It’s likely that we will see more sales as the market works through the pent-up activity, though we have yet to see any major shifts in actual selling dollars.