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Mid-August Frenzy, Summit Market Report

Mid-August Frenzy, Summit Market Report

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Weekly Market Update

The week of August 9th—pending sales are through the roof! Inventory has dropped by a third from our high on July 1. Pendings are outpacing new listings by double. At this pace we'll be out of listings by mid-October. Properties closing last 30 days continue at 98% of list price.

8/16/20 500 Active Listings 453 Non-preconstruction Pendings

Pendings DOM, median 26 Ave 66

  • Price Decrease (46)
  • Price Increase (4)
  • New Listing (62)
  • Back On Market (7)
  • Pending (133)
  • Sold (79)
  • Withdrawn (13)
  • Expired (7)

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With deep local knowledge, personalized guidance, and a commitment to exceptional service, Tom helps clients achieve their real estate goals with confidence.

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