August 2015-2016 Middle Priced Homes Selling, Others Not So Much
Comparing 2015 to 2016 as of August 10th, it’s looking like the sweet spot middle priced homes (from $1m to $2m) are rising in sales.
According to the Paragon Real Estate Group research as presented in the graphic below the higher prices home are still sluggish and tapering downward.
The lower pricing category of homes has also decreased since 2015, yet the sales in the lowest prices houses are still good.
The 2016 numbers below were adjusted to compensate for a year-over-year decline in unit sales of 7.8%. After doing this it is apparent that unit sales below $1m and above $2m both dropped by about 9%, while sales of homes in between jumped 12%.