What happened in the Davidson Real Estate Market in August 2018? That's what I'd like to share with you today! I have a visual that spells it out, but let's review it anyway and if you have questions please reach out to me. 

In August of 2017, we had 63 new Listings to the market and in 2018, that number decreased by -6.3 percent to only 59 new Listings. The year to date through August 2017, was 452 new Listings to the market and in 2018 it was 472 which was an increase of +4.4 percent. 

In August of 2017, there were 50 pending sales and in 2018, that number went up slightly by +4.0 percent to 52. The year to date through August 2017, there were 341 pending sales and in August 2018, the year to date was 361 which was an increase of +2.9 percent.

Let's skip ahead to the Median Sales Price. In 2017, it was $367,000 and in 2018, it was $440,000 which was a +19.9 percent increase! The year to date through August 2017, the median sales price was $324,500 and in 2018, it was $375,000 which was an increase of +15.6 percent. 

Interesting real estate market. Again, contact me if you wish to discuss how this would impact your purchase or sale of a home in Davidson, North Carolina!