Redmond Home Sales Show Mixed Results
The August data for Redmond single family home sales reflect some of the normal end of summer trends as well as that expected in a growing market. While new inventory has become available, actual pending contracts are the same as a year ago and closings are down 13.6%. The average price of a Redmond home has now reached $178 per square foot - a price which is up 12.7% compared with the same month a year ago. And inventory levels are growing - up 19.2% from August 2016 for closed sales.
The data show as follows comparing August 2016 with August 2017:
- Homes for sale up 4.7%
- Homes sold down 13.6%
- Homes pended no change
- Average active price up 4.8%
- Average sold price up 9.8%