Jalaj’s Market Update for August

 

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Hi there guys, so what are the numbers telling us this time around? Well, like for most of the year, in the month of July, we saw fewer number of listings coming up on the market compared to 2018 July. That number was down by 13%. On the other hand, the number of sales, they have consistently outperformed the numbers we had seen in 2018, and for the month of July that number was up by 15%. Given 296 total active listings, we have about 1.4 months of inventory on the market at the present time. Coupled with fewer listings and more sales, we are definitely looking at sellers market conditions, and this is further strengthened by looking at the sold to new listing ratio of 70%. Looking at the average sale price, that number has consistently also outperformed the numbers we had seen in 2018, and for the month of July that number was up by about 4%. Now when you look at the year to date sales graph here, you will see this more clearly. Give us a call or message us and we will be happy to answer any of your questions Thanks so much!!