Andreas Nystrom

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The summer heat hasn't slowed buyer demand!

 

Sellers continue to benefit from today's activity as home buyers compete for the homes available for sale. There was 3,978 sales in July 2015 which is up 30% compared to last year and 33.5% above the 10 year average.

 

Much of today's acitivity can be traced to:

  • Strong consumer confidence
  • Low interest rates
  • Reduced supply of homes for sale

There are currently 11,505 homes for sale on the July 2015 MLS which is down 26.3% compared to last year as is the lowest totalled since 2006.

 

The benchmark for all residence properties in July 2015 rose to $700,500 which is up 11.2% from last year.

 

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