The residential real estate market data for August is now available. The highlights include:
1- The average sale price was $484,000 which is the highest in 3 years with the exception of May 2013. There were 2,374 homes listed for sale and 579 were actually sold. This is also off of the peak which occured in May which had 854 closings. Most of this slowing is a fairly common occurance due to the hot weather, traveling and back to school. There were only 46 new listings in August which is about half the normal. For a complete report send a request to firstname.lastname@example.org or call 602-761-7814 for the Scottsdale Coldwell Banker office.
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