Contract Numbers Soar in July

Skyrocketing Numbers in July!

The real estate market saw a surge of new contracts in July, far outpacing previous-year numbers. Sales for the month posted modest gains, so do not listen to any myths out there that say this is a bad time to sell or buy because there may not be a better time than now for quite some time.

MRED’s review of data from across its member associations shows the number of contracts rose 58 percent when compared to July 2019. Although every contract will not ultimately result in a sale, the 23,918 contracts signal that the real estate market is poised to thrive at least into early fall.

Sales data show a modest increase in home sales in July, with a 3.5 percent increase over previous-year numbers.

Contact the Mark Bowers Homes Team today to get your house sold quick!!