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Yesterday, the NAR reported the national home sales for August.  The number was below estimates, and there was some concern about the ‘market’.

We already reviewed the August sales on September 6th, split into two categories.  To update, and to pick up the eight late-reporters, here are the August sales for comparison to the last four years:

NSDCC Detached-Home Sales, August

Year
# of Sales
Avg. $/sf
Avg. DOM
Median SP
Avg. SP
SP:LP
2011
240
$389
80
$825,000
$1,069,939
92%
2012
298
$381
77
$865,000
$1,264,301
94%
2013
324
$437
40
$953,750
$1,188,031
95%
2014
246
$500
45
$1,050,000
$1,383,386
96%
2015
266
$473
46
$1,050,000
$1,387,349
96%

Our local market feels a little squishy out on the street, but statistically, it looks to be in good shape. There would need to be evidence of sellers caving (SP:LP) or buyers fleeing (# of sales) to cause any major concern.

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