While the numbers below show a dip in the average sold price from the previous month, the average sold price is actually up approximately $70,000 since the beginning of this year! You'll also notice the average days on the market have significantly dropped as our supply tightens and demand continues to grow. New homes are hot right now, filling in the gap for the short supply of resale inventory.
I want you to remember that interest rates are still very low, which helped stimulate our economy and the housing industry to spur the recovery from the bubble burst. It's great to see we're bouncing back and if you're thinking of selling or moving, now may be a great time for you.