It’s good to see that last month had more sales (159 vs 147) than in June – which also had two more business days! Let’s combine the two months to soften the July drop median sales price and compare to previous years.
The plunge in sales has to be discouraging to potential buyers who can now only expect 2-3 chances per year to buy a desirable home in their preferred area of choice – and you can count on being beat out by a crazier buyer on at least one of those, and be victim to realtor shenanigans on at least one other. It happened again this week when the listing agent grabbed the first offer within 24 hours even while allowing other showings to motivated buyers, but then denied them a chance to submit an offer.
With that much frustration in the air, the pricing will likely stay elevated.
