𝙏𝙝𝙚 𝙝𝙤𝙩𝙩𝙚𝙨𝙩 𝙢𝙤𝙣𝙩𝙝 𝙤𝙛 𝙩𝙝𝙚 𝙮𝙚𝙖𝙧 𝙗𝙧𝙞𝙣𝙜𝙨 𝙪𝙨 𝙩𝙝𝙚 𝙝𝙤𝙩𝙩𝙚𝙨𝙩 𝙢𝙖𝙧𝙠𝙚𝙩.
While April and May were unusually slow months for home sales and June numbers signalled a return to normal market conditions, July activity was nothing short of inconceivable.
🔸️ 𝙏𝙝𝙚 𝙂𝙤𝙤𝙙: There is continued pent-up demand by buyers currently looking for a home. This has most notably caused the average price of homes to soar by 16.9% compared to July 2019.
🔸️ 𝙏𝙝𝙚 𝘽𝙖𝙙: While sales are up significantly compared to this time last year, the month of July ended with 2,920 less available homes for sale than there were in July 2019. More demand and less availability results in difficult competition for buyers.
🔸️ 𝙏𝙝𝙚 𝙂𝙧𝙚𝙖𝙩: There have not been this many homes sales in one month since April 2017!