Homes priced from $400,000 to $999,999
Inventory continues to decline, which it has done for the least six months in a row.
Prices are flat but that is what is attracting buyers. Sales were same as the prior month which was good considering August is generally a slow month. It is still a buyer’s market as buyers are only buying the best and brightest and all want a “good deal”.
Homes priced from $1 million to $2 million saw sales down from the prior month however the six month trend in inventory has been declining except for August which was roughly the same as the prior month.
Homes priced from $2 million to $3 million saw inventory decline which it has been steadily doing for the last six months. Sales were healthy as they remained same as the prior month.
Homes priced over $3 million saw one home sell versus none for the prior month. The last six months has seen inventory on a steady decline.
The high end still has a high level of inventory and this is where the best deal can be made as the pressure on the high end has been steady for sometime.
