Monday, August 17, 2020

Are we slowing down? Ummm NO!

 That's a question I got over the weekend - in particular, for the high-end, where there's typically a seasonal slowdown.


The short answer is we continue to buck the seasonal historical trend across all price points.

The chart below shows the year-over-year market for mid-August is up 20%:
Mid august.jpg
The chart below shows the Listing Under Contract Activity, color coded by price range:

Listings UC by price range.jpg
The chart below is UC $2M plus:
Listings UC by price range over 2M.jpg
UC over $3M:
Listings UC by price range over 3M.jpg
While this is a bit hard to read, the clear take-away is that we see a very robust market continuing, in spite of the very robust triple-digit temperatures!

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