It’s still a hot market. We’re on pace for a record August month for sales, inventory absorption rate is at two months and the sales-to-new-listings ratio has edged back up to 70%. Month-to-date condo average and median prices are up over 10% y/y. The average price of a single family home has climbed 4.12% with the median price up 5.96%.
Have a great weekend everyone!