Can we learn about what to expect in 2025 by reviewing the other recent metrics available? Here are alternative ways to gauge the market conditions – the most interesting numbers in red:
Number of Sales – Just incredible that out of nowhere the July sales set the high mark for 2023-2024!
Median SP:LP – This month setting a new low for the group, proving that there’s nothing price can’t fix.
DOM – Buyers move quicker in springtime, but the average DOM is steady.
Volume – July was huge!
Average $$/sf – This month is 24% higher than in January, 2023!
In May, 2022 at the peak of the frenzy when rates were still 3%, the average $$/sf was $1,063/sf.
I will update the August numbers in a few days.
