The number of homes available was also reported to be 30.4% above last year’s number.
While sales and available homes numbers were higher, home prices didn’t show as much change this August compared to last year. The median sales price remained almost unchanged at $335,000, according to the report.
Breaking it down
When it comes to the housing segments, according to the report, home sales for houses priced between:
- $1-$99,999 increased 20.7%
- $100,000-$149,999 increased 12.7%
- $150,000 -$249,999 increased 21.2%
- $250,000-$499,999 increased 6.4%
- $500,000 -$999,999 increased 14.8%
- $1M and above increased 12.9%
“August brought the strongest sales gains we’ve seen so far this year, and that’s encouraging for both sides of the market,” HAR Chair Shae Cottar said. “Buyers have more choices and negotiating power than they’ve had in more than a decade while sellers continue to benefit from solid demand. As mortgage rates continue to ease, I anticipate buyer activity will remain solid in the coming months.”
