This week in August shows strong signs of quality market activity especially compared with the same weeks in previous years.
1. New Listings at 329 are actually one of the higher August figures we’ve seen, second only to 2023.
2. Sales at 284 are the highest for this week in at least the last 5 years. Buyers who are actively searching are more committed right now.
3. Appointments Booked are at 2,924, which is lower than any year since 2019. That’s a noticeable slowdown in buyer activity.
4. Appointment/Sold Index at 10.3 is the lowest by far in the entire dataset, meaning each sale required fewer appointments. This is often a sign of serious, motivated buyers and well-priced listings.
The combination of slightly low buyer traffic, high sales, and low appointment/sold ratio, suggests a shift from browsing to decisive buying. Which could be attributed to price stabilization or fewer casual buyers.
