Your Market This Month: Georgian Triangle Market Insights

For the first time in over 40 months, the Georgian Triangle’s monthly volume sales failed to set a new record over the previous year.

Below are some points to keep you informed and up to date with what’s happening in your area.

  • July’s dollar sales were down 18% from last July’s, down approximately $18,000 to $80,861,900
  • Unit sales, also down. A total of 177, 33% down from last year’s high of 263, while there were 2% fewer new listings on the market
  • July’s sales to listing ratio was down a bit at 55%, making it closer to even.
  • Only 52 expired listings this month.
  • Continuing to break records, year to date sales for 2017 have reached $714,388,943 which is up 19% from 2016’s record pace. All the while still having 5% less available units at this time last year.
  • Finally, the region’s average sale price of a single family home is at a staggering $456,187 up 25% from the $364,525 of one year ago. Maintaining an increase in home-equity for local home-owners. The gains continue!

For more information on your local market, request a full copy of the local market report and we will send it directly to your inbox.

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