August Home Sales In One Word: Insane

Single family home prices comparing August 2019 to August 2020 are up a staggering 12% and inventory is down a whopping 35%! Insane! And condo numbers are right behind. The short term future looks solid as demand for housing continues to outstrip supply. In the long term, the market appears to remain on strong footing so as long as lenders continue to work with struggling homeowners that are not able to make mortgage payments due to Covid-19.

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