There was a definite market cool down in July compared to the June 2021 sales. With only 62 sales in July we still had 69.35% sell over list or asking price!! Although we had less sales than June's 80 closed transactions and even fewer sales than July 2020 which were 97, the fact that over 50% sold over list may indicate a slowing down of buyers but not the price they are willing to pay for them.
As of 8/11/21, 2:30 p.m. we have 51 Active, 4 Price Changes, 6 - New, 8 Pending, and 96 under contract/contingent. Total available are 61 listings. We will have to wait to see if August will bring in more sales and what the list to sale price percentages will be. Are buyer's realizing that paying over list may put them in an undesireable position if and when the market corrects? Time will tell!
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