July Market Update and National Cheesecake Day!
For any parents out there, Happy Back-to-School, and for everyone else, Happy Monsoon! It was a wet few days last weekend but it couldn’t stop this market. Check out our July National Thing of the Day (and Market Update) video as we celebrate National Cheesecake Day! There continues to be signs within the market that we’re slowly (very slowly) starting to cool down a bit. Listings are actually up from last month! Skip to the last minute or so for a quick Market Update or check out the Market Info graphic and stats at the end of this email.
Here is your full Market Update for July, 2021. As always, let us know if you have any questions!
“Supply is on a clear upward trend, thanks to strong flow of new listings and a decline in the rate of listings going under contract. Even though the rapid rise in prices is having the expected dampening effect on demand, supply is still a very long way below normal. We expect sales rates to slow in the second half of 2021. We forecast that prices will continue to rise but at a slower pace than during the first half. These means that dollar volume will remain very high compared with historical numbers.”
-Tina Tamboer, The Cromford Report
