Real Estate Blog - Blog Archive: August, 2015

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August 2015

Found 1 blog entry for August 2015.

The July 2015 RMLS Market Action Report was published today. Here are the highlights:

Closed sales increased 4.5% over June (3,452 vs 3,302) and 28.9% compared to July 2014 (3,452 vs 2,678). More homes closed in July 2015 than in any July on the RMLS record. It was also the largest month for closings since August 2005.

Total active listings increased 5.9% over June (5,708 vs 5,388), yet decreased 26.1% compared to July 2014 (5,708 vs 7,727).

Months inventory increased slightly from June (1.7 vs 1.6 months), and was way below to July 2014 (1.7 vs 2.9 months). This continue to be an inflationary indicator, as six months inventory is generally considered to represent a balanced market.

Pending sales fell 3.1% from June (3,494 vs 3,605),

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