The summer slump is in full effect! We had fewer condos and houses hit the market this week when compared to last week, but almost the exact same amount when compared to this same time last year.
We are finally seeing similar year-over-year metrics with one notable exception. This year we have a lot more inventory (total number for sale), and the homes and condos that are on the market have much longer days on market than this same time last year. For example, 41% of all homes for sale have been on the market for 61+ days, and this time in 2018 only 26% of the homes available had been on the market that long.