August 7, 2024

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July 2024 Market Update

Last month, there were 737 unit sales in the VIREB area, a seven percent decrease from the previous year. Active listings totaled 4,559 board-wide, marking a 30 percent increase from July 2024. With an absorption rate of 16 percent and roughly six months of inventory, the VIREB housing market is balanced, slightly favoring buyers. Sales by Category In July, 363 single-family homes (excluding acreage...

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