Market Update

Strong market sales!

August 6, 2020 10:24 am Published by
Year over year stats can be misleading especially this year with Covid-19. Covid-19 delayed what would have been an extremely busy spring. Our spring market this year started in mid-June and continued through July and I am sure to some extent will continue into August. Traditionally July and August are slower months compared to other months for the real estate market. These current sales stats will show year over year sales have had a big swing but it’s all relative to what the market does normally for this time of year. Important info here is home prices are still climbing even though there is a large volume of leases available. To date, this has not affected the housing market with particular focus on condominiums. Investors are taking short term pain hoping for long term gain. Will this change when mortgage deferrals end?
House info graphic icons July 2020 1