I finally finished the August Current Market Conditions report (with July's closing data.) Some real interesting stuff this month that I'm still pondering. Sales plateaued (hey, that's Realtor-talk for 'flat') at 105 for the previous 3 month period, about equal with the June number but up from the miserable, why-don't-I-just-slit-my-wrists 86 sales for the 3 months ending in April. The median price, though, rose again for the 2nd month — and I expect August's price numbers to climb higher, based on sales in contract but not yet closed. And buyer activity seemed to pick-up starting in mid to late July. The cloud moving over these brightening skies? Mortgage rates are way up.
Check out this month's Market Conditions Report and come on back here and add your comments. I have a feeling the back and forth this month will be pretty lively!