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Continued strong demand is when again deteriorating overall inventory driving down the variety of active listings to just a little above the most affordable level on record. As a result, the MLS HPI composite criteria rate continued its trek higher." The MLS House Rate Index (HPI) tracks price trends even more properly than is possible using typical or mean cost steps.

2% compared to July 2020. The benchmark price for single-family houses was $230,100, increasing by 24. 1% on a year-over-year basis in July. By comparison, the benchmark house cost was $156,400, increasing 30. 4% from year-ago levels. The typical price of homes offered in July 2021 was $245,242, up by 21.

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The more thorough year-to-date typical price was $249,838, advanced 30. 7% from the first 7 months of 2020. The dollar value of all house sales in July 2021 was $76. 3 million, a considerable gain of 35. 5% from the very same month in 2020. This was a brand-new record for the month of July.

3% from July 2020. There were 343 new residential listings in July 2021. This was the most affordable variety of brand-new listings included in the month of July in more than a decade. New listings were 9. 8% below the five-year average and 16. 2% below the 10-year average for the month of July.

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1% from the end of July 2020. Active listings have not been this low in the month of July in more than 20 years. Active listings were 52. 5% listed below the five-year average and 63. 8% below the 10-year average for the month of July. Months of inventory numbered 2. 1 at the end of July 2021, below the 3.

The variety of months of inventory is the variety of months it would require to sell present stocks at the current rate of sales activity.

Real Estate Properties - description view - Saint John Real Estate -  Shirley Roach-Albert

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