August 2018 Stats!

Monthly Sales

Sales are a little bit down compared to last month but that’s okay because there are plenty of new houses to show to new buyers. This is the time of year when housing reports tend to take on a negative tenor, and agents reading these reports might feel just a bit down. When we look at the numbers on the surface, it’s easy to see why. Our monthly home sales volume has fallen for three consecutive months while the median sales price has declined for the last two. Both metrics are expected to be lower again this month, which plays into the slew of negative articles dominating national headlines, including: “Existing Home Sales Crawl at Slowest Pace in Two Years”, “U.S. Existing Home Sales Fall for Fourth Straight Month” and “Existing-Home Sales Unexpectedly Slump to Two-Year Low”.

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