Average Price of homes sold last month are flat(-$4,500) compared to the same time last year. Volume of sales is up and number of listings are down, my wager is that this will lead to an upward pressure in prices.
I will be monitoring the market to see what happens but it looks like business as usual, slow and steady/flat market with signs of upward pressure. Here is hoping the equity spike will be here soon 🙂
Thanks to Scott for providing me these monthly stats!
Until next time,