Monthly Market Reports

Group One Sotheby's International Realty August 2019 Market Report

A LITTLE LESS, A LITTLE MORE

A little less: Ada County sales in August of 2019 were 5% lower than they were in August of 2018

A little more: Pending contracts executed during the month of August 2019 were 5% higher than in August 2018

A little less: Year-to-date closings are 1% lower than they were a year ago

A little more: The total dollar volume is 7% higher as average home prices have increased by 11% in the last 12 months

Inventory is 5% higher than it was at this time last year but we still have less than 2 months of properties on the market.The chart below shows the percentage change in median prices for sales through August for each of the last 10 years.

 

(Graph represents 12 months, ending 8/31 each year)

Posted by Brad Barker at 9/8/2019 1:57:00 AM
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