Highlights from our monthly reports

 

New listings of single family homes in the two weeks ending 8/5/2024 are up compared to a year ago:  108 vs 98.  Similarly, new listings of condos in the same period are up 165 vs 143.

Price reductions for both single family homes and condos are essentially the same as a year ago:  25 vs 23, and 63 vs 71 respectively.

Average selling prices for single family homes in July are down compared to June sales:  $1,984k vs $2,120k (down about 7%).  Compared to a year ago: $1,984k vs $1,834k (up about 8%).  For condos, average selling prices in July are up just slightly compared to June:  $1,289k vs $1,278k  Compared to a year ago condo sales prices are up:  $1,289k vs $1,220k (about 6%).

As always, there are variations depending on configuration (bedrooms, bathrooms).  Especially for small condos, average selling prices for 1 bedroom, 1 bath condos have been trending down since 2020.  2 bedroom, 1 bath condos selling prices have been up and down over the past four months in a range between $1,043k and $1,224k.

As of 8/12/2024 the number of active listings for the five configurations of single family homes and condos is down compared to two years ago but up compared to 2021 and every year between 2019 and 2013.

The total number of residential sales for the first seven months of the year is still behind where we were over the past 18 years with the except of last year (2521 vs 2294), 2020 (2521 vs 2309) and 2009 (2521 vs 2162).