Real Estate At A Glance: Total sales through August | SummitDaily.com
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Real Estate At A Glance: Total sales through August

Chuck Leathers
Special to the Daily

The number of properties sold through August continues ahead of last year to date by nearly 11 percent and prices for resale properties are still almost equal with last year’s total average. Average prices for all properties, resale and new construction, are down by about 10 percent because of the expensive new properties that closed last year. While the number of properties going under contract has slowed in the past 45 days, the market is holding its own so far in the face of continued adversity.

The inventory is dropping at last and stands at under 2,350 for sale. This decline should continue for the next several months.

92.4 percent … average listed to sold price ratio so far in 2011.

93.1 percent … average listed to sold price ratio in 2010.

Chuck Leathers is the broker/owner of Chuck Leathers Real Estate Co. He can be reached at (888) 485-2300 or e-mail him at ChuckLeathers@Realtor.com.


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