Jalaj’s Market Update for July



Hey guys, we are so sorry for bringing you our regular monthly market update so late this time around. In the month of June, we saw the number of new listings that came up on the market, were up by about 1% from last year. In terms of number of sales, that number jumped up by about 17%. With total of 328 active listings, we have about 1.4 months of inventory on the market at the present time. With the ratio of sold to new listings sitting at 66%, we are sitting in sellers market conditions. Looking at the average sale price, that number went up by about 11%. With the first half of 2019 in the books, you are going to see an interesting trend growing here. When you look at the numbers here, you are going to see the average sale price for 2019 year to date, is tracking right in the middle of 2017 and 2018 numbers. In fact we are inching closer to what numbers we had seen for 2017 by now. Feel free to give us a call or message us and we will be happy to discuss this further with you in detail. Thanks so much!!