Resales are doing MUCH better than they were last year. Besides the fact that last October had ZERO resales, this past month saw 6, an increase of infinite percent.
Another fun fact: There were 37 total resales in 2015. We already have 43 resales this year with two full (albeit slow) months to go.
Average sales prices for resales are up 8.9% year-over-year.
And for you Price/Square Foot Fans: Last year’s average for resales to date was $142.60. This year is $144.31.
Below is a chart comparing the monthly resales this year to 2015. This year has been much more and consistent, which is great. A steady market is a happy market.