North Shore | Real Estate Market Update | August 2023
The August 2023 market report showed, on average, higher sale prices alongside lower overall sales and even lower new listings. This is showing that, for the most part, there are more homes selling in the month than there are coming on the market in an environment where there is already very low inventory. This is presumably what is keeping sale prices high. We are also seeing low number of days to offer and sale to list price ratios over 100, so homes are selling quickly and over asking price, though not as quickly and not as far over asking price as the last 2 years.