First look at the single-family home sales through the end of August 2021:
August Property sales were 1,987, down -19.4% from 2,465 in August of 2020 and -13.9% lower than the 2,307 sales last month. August 2021 sales were at their lowest level compared to August of 2020 and 2019. August YTD sales of 15,597 are running 3.9% ahead of last year’s year-to-date sales of 15,018.
NAR reports: July 2021 brought 5.99 million in sales, a median sales price of $359,900, and 2.6 months of inventory. The median sales price is up 17.8% year over year, and inventory is down 0.5 months from July 2020.
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