Sales of Existing Homes Fall 7.5% in August, Prices Up

Sales of Existing Homes Fall 7.5% in August, Prices Up

Sales of existing single-family homes in Leon county were down 7.5% when compared to numbers sold in the same month one year ago. There were 332 single-family home resales in August 2019 and 307 resales in August 2020. Last month there were 317 existing single-family homes sold.

The average sales price in August 2020 increased 8.4% from $266,323 last year to $288,718.

Annual trends show that single-family home sales came in at an annual rate of 3,132 in August. The August annual rate of sales is 2.8% above the annual rate of 3,046 reported one year ago. The annual rate of sales last month was 3,157.

The chart below shows the annual rate of single family sales in Leon county over the last 36 months.

The average price of homes sold over the last twelve months in Leon county was $274,871. This is 4.2% above the average sales price of $263,865 reported one year ago.

The average sales price chart below shows the 12-month and 3-month average sales price of single-family homes in Leon county over the last three years.

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