Wow! What a fantastic month of July. I Believe the cool weather did us a favour by keeping our consumer buying real estate rather than going to the cottage every weekend. So for that maybe rain is  good for something other than watering the flowers? Imagine, 5 days of sunshine in the whole month of July. It never happened before in my lifetime. Enough!!!

July listings are down 16% which hauls the year to year listings down to -5%. This is very consistant with years past. So no big surprises there. However, sales are quite another thing. Unit sales for the month of July have posted a 15% increase over last year. This gives us a year to year total sales to date just down -3%. That's not bad at all. Dollar volume for July is up 25% over last year. Fantastic! So our year over year production in dollar volume is up +3% over last year. That is an amazing  surprise, even for me. We have never had a July like this in my 40 years of selling real eatate. Now they are saying that all markets are prone to get even better in the months ahead.Wow! Actually, here I go again. My prediction is that we probably posted most of our August sales during July also, thus sales will likely be down porportionally for the month of August. Sorry, but I just don't see this upward trend holding for the rest of the year.

Never the less, what a beautiful year we are having in the real estate business in Fredericton. Our economy is srong, businesses are booming, construction in the city is off the charts, the city never looked so prosperous. Finally the sun is shining down on us for, hopefully, at least August and maybe even throughout September. So buyers and sellers get out there and take advantage of our low, low interest rates and  prosperity market to BUY, BUY, BUY. Cheers, until next month.