Coldwell Banker Premier Realty

Reflecting on July

Posted by John McClelland on August 22, 2013 in  uncategorized
In the July numbers, increased prices continue to be printed. On a median price per-square foot basis, single family home prices advanced by 3.2% from last month. With the same metric, condominiums and townhomes increased by over five percent. Multiple offers remain commonplace, although anecdotally, this appears to be moderating as we head into a slightly less active season. It is worth noting that on average, homes that closed in July went under contract nearly 70 days prior, so closings do tend to lag the street... read more


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