Here's your real estate market update for August 2014.
- Sales of single family homes sold in July were 127. UP 13% over last July.
- Sales of apartment style condos was the same as last year - only 20 units solid in July.
- Sales of patio style condos was just 6 - likely because the inventory of this kind of condo is down considerably, with just 63 units for sale.
- Sales of townhomes is UP 24% in July over last year.
Overall - the inventory of homes & condos is going down - with more sales being reported, so, in our opinion, this is the start of a new market cycle.