realMLS Market Statistics Comparing August 2020 to Previous Month and August of 2019
Before we get to the breakdown of Sold, Pending and Active details, it is very important to note that August’s Total Sales Volume is the second highest this MLS has seen only to be preceded by July’s record breaking number of $1,051,796,694.
That’s right, realMLS subscribers conducted over $1 Billion in transactions in the month of July! And, August was not far behind.
This month’s analysis shows the number of Active properties available in the MLS continues to trend downward, however, both Median and Average List Prices continue to rise.
Median List Prices for Active inventory are up 4.56% on average year over year and New listings are increased by 12% on average. Median Sale Prices have increased 8% compared to the same time last year and are still in line with the Median Sales Price from July.
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