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    Welcome to the Collins Group Realty August 2011 Market Update


    Last Updated September 23rd, 2011


    Hello from the gang at CGR:

    Before I start, let me just say it’s in the upper-80’s and humid on HHI – seems Summer wants to stick around, and we’re not complaining!

    Speaking of Summer months…let’s just take a quick study of this August vs. last August:

    •    The number of NEW LISTINGS put on the market in the month is DOWN nearly 17%;
    •    The number of PENDING SALES is UP over 17%;
    •    The number of CLOSED SALES is UP nearly 22%;
    •    Average DAYS ON MARKET is down nearly 13%;
    •    MEDIAN SALES PRICE is UP nearly 20%;
    •    INVENTORY is down over 20%.

    Every single stat is headed in the RIGHT DIRECTION…and we are looking/hoping for more and more of it.  The market is WANTING to change directions…and it is doing a nice job of working its way there.

    How about helping out?!!  Tell a friend that trends are positive on HHI (PLUS, rates are super low!) and now is a great time to be looking at our marketplace.

    Oh…and be sure to tell them about our outstanding Buyer Specialist Agents at CGR – did you know that they have been rated as “EXCELLENT” on 100% of our surveys?!!  They simply do an outstanding job…

    Here’s hoping you have a great week.  Thanks for reading our report…!

    Best-

    Chip Collins
    Owner/Broker-in-Charge

    P.S. – Did you miss the July Addition of our Market Pulse due to technical difficulties? Check out our Market Pulse Archive below!



     


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