Posts from August 2014

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August
1

Dwindling Condo Sales Stall New Construction Market

August 1st, 2014 by Ruhl Marketing Team

A modest increase in new house sales has been offset by a continued reduction in the number of new condos sold across the region in 2014. Multiple Listing Services report a 2% increase in house sales and a 12% decrease in condo sales, combining for an overall unit sales decrease of 3% versus the same period last year. New home sales across the region accounted for about 1 in every 8 home purchases, up from 1 in 11 for all of 2013. Unit inventory increased 15% above 2013 and is at the highest mid-year level since 2011. Based on the first six month's sales, the region has 6.9 months of new house inventory and 8.0 months of...

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Dwindling Condo Sales Stall New Construction Market

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