August Market Update

In this event, Trent Werner talks about August 2020 Market update. He talks about changes in the trend of total active listings, pending sales, average and median sales price, total market time, inventory and comparison with other months. Below are some details:

▪ Pending sales increased at 3,697.

▪ More closed sales for June and July 2020.

▪ Increase of Average and median sale price due to lack of inventory.

▪ Total market time decreased by one day at 41 days.

▪ Inventory stayed low in August at 1.3 months.

▪ Condo sales affected by activities due to social justice events.