Although, it did seem very quiet around town in August, the real estate activity did certainly pick up from earlier this year. We see that trend in August as transactions hit the closing table.
This August, with 279 homes actively for sale on the market, we had 20 new listings but notably important was the 30 closings that took place in August. The average price of those August closings was $1,603,300 with a median price of $1,435,000. The average time it took to close was 155 days and the list to sale ratio was 91.09%
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