Wednesday, September 06, 2017

REBGV Sales Update Through August 2017

REBGV released their stats package through August 2017. Here are the numbers:

Sales have retrenched  and are now decidedly "average", though August was above levels seen in 2016. Inventory is low. The result is a low but increasing MOI (months of inventory). A long stretch of robust (or at least not pallid) new listings is still required to allow inventory to recover: new listings have returned to the point where inventory recovery is slowly occurring.

No signs of a slowdown.