Business Resources
Resources for your real estate business.UPDATE: NAR Lawsuit
NAR-issued press release…
National Association of Realtors® Moves to Dismiss Antitrust Suits; Shows Lawsuits Are Self-Contradictory, Ignore Precedent and Lack Economic Sense
CHICAGO, August 12, 2019 – The National Association of REALTORS® (NAR) moved last week to dismiss the Moehrl v. NAR lawsuit and the copycat Sitzer v. NAR lawsuit because both amended complaints fail to show how NAR rules for the operation of Multiple Listing Services (MLSs) inhibit competition or cause the plaintiffs any harm. Moreover, the complaints misrepresent rules which have long been recognized by the courts across the country as protecting consumers and creating competitive, efficient markets that benefit home buyers and sellers.
“Throwing around a few anti-trust buzzwords doesn’t change the fact that MLSs have contributed to an orderly, efficient and pro-consumer marketplace for well over 100 years,” said John Smaby, President of NAR. “We continue to believe the lawsuits are wrong on the facts, wrong on the economics and wrong on the law.”
As NAR’s briefs detail, the essence of the plaintiffs’ argument is based on a flawed interpretation of the NAR Handbook on Multiple Listing Policy and Code of Ethics. According to NAR’s filings, misrepresenting NAR rules with “pejorative” and “anticompetitive-sounding” language does not outweigh the decades of court rulings that have found NAR rules to be pro-competitive and serve the best interests of consumers through enhanced transparency and efficiency.
“The MLS system creates highly competitive, efficient markets with increased transaction volume and superior customer service that benefit home buyers and sellers,” said Smaby.
NAR’s filings to dismiss also set forth the failure of the class action attorneys to meet legal standards necessary to move their case forward. As the briefs state, the “plaintiffs have totally ignored the long antitrust scrutiny of the MLSs and the repeated judicial conclusion that MLSs and the rules that govern them are pro-competitive.” Furthermore, NAR’s filings note that the plaintiffs’ claims lack any evidence that they were actually harmed by NAR rules. Per the brief, the plaintiffs “have not alleged that they even attempted to negotiate a lower commission either from their listing broker or for the buyer’s broker,” which, as noted above, is allowed by NAR rules anyway, contrary to their claims.
The National Association of REALTORS® is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.
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Want to talk to your clients about the lawsuit? Here are some talking points from NAR…
- REALTORS® are champions of homeownership, property rights and the communities they serve. Every REALTOR® adheres to a strict code of ethics based on professionalism, consumer protection and the golden rule. REALTORS® draw on their unmatched knowledge to help buyers and sellers navigate one of the most complicated financial transactions of their lives. And REALTORS® are engaged neighbors committed to building and enhancing the communities they serve.
- The MLS system and the way commissions are paid create competitive, efficient markets that benefit home buyers, sellers and small business. The MLS system creates a highly efficient residential real estate market that fosters cooperation between brokers to the benefit of consumers. Commission structures (including how the listing broker pays the buyer broker) ensure greater access for a large community of home buyers who might otherwise be priced out of the market, which also would limit options for sellers.
- Local, expert brokers play a crucial role in helping buyers and sellers achieve their goals. Given the volume of information buyers have to navigate and the complexity of this transaction, buyer brokers serve many essential, highly informed roles ranging from scheduling home tours and inspections to coordinating with lenders and appraisers to coordinating attorney reviews and closing documents. Consumers agree: 78 percent of homebuyers say their broker was an important information source, and almost 90 percent would recommend their broker to a family member or friend.
- These lawsuits are wrong on the facts, wrong on the economics, and wrong on the law. Commissions are negotiable and, in fact, can be negotiated at any point during the transaction. The MLS and associated brokerage system create highly competitive markets with increased transaction volume and superior customer service. Consumers have many choices of different service and fee models among many brokers. Over 100 years, the courts have repeatedly validated this pro-competitive, pro-consumer MLS system, recognizing it increases the efficiency of the market and thus serves the best interests of sellers and buyers alike.
Q2 is here for you!
The 2nd Quarter Homes Sales Report is here!
Check out all the great information, charts, graphs, and narrative explanations. You can use any and all of this data in your communications with clients. So look super sharp at your next listing or buying presentation and take some of this expert data with you!
#MemberMonday Meet REALTOR Joan Diaz-Mendez
The Fredericksburg Area Association of REALTORS® Member Spotlight feature allows members of the community to get to know each other before working with each other in a transaction. Each member answers a series of questions to reveal more about themselves as people. It is FAAR’s hope that learning about an individual may spark connections that blossom via email, phone conversations or in-person meetings at events and classes.
Name
Joan Diaz-Mendez
Hometown
New York City
Current Location
Fredericksburg, VA
Title
REALTOR® with Coldwell Banker Elite
Number of Years in the Industry
3
Why do you love working in real estate?
I absolutely love working with clients to help them reach their goals! I feel the experience is super satisfying and that moment of giving the high five, “Yes, we did it!” is priceless.
What are you most proud of in your career?
I’m proud to have been able to transition from Florida Real Estate to Virginia Real Estate successfully.
Do you have a special cause or volunteer your time?
I am on the board of the Fredericksburg Area Museum and I help them with Marketing. I also help the King George Little League with fundraising.
Fun Fact
I’m a yoga instructor.
Infographics to use and share
We love to give credit where it’s due and let’s be honest, these infographics are amazing!
Florida REALTORS® have created some stellar resources for you to use in your business utilizing publicly available data from NAR, NAHB, and more.
Download these PDF infographics and use them with clients or in your marketing products, such as newsletters, blogs or websites.
Look for a new graphic every month at the Florida REALTORS® website!
Wait, there's more!
Click to download all the infographics as a single pdf.
June Housing Market Posts Strong Numbers Despite Fewer Sales in Key Localities
June posted strong numbers despite a double-digit sales reduction in market leader, Stafford County. Total sold dollar volume increased 5.8%, settling at approximately $236.8 million in June of this year, compared to $223.9 million in June of 2018. Units sold increased over 5%, going from 678 last June to 714 units in June of this year. Median price saw a 3.3% year-over-year increase, going from $305,000 in June of 2018 to $315,000 in June of 2019.
However, the positive numbers from a regional perspective do not always translate directly into individual counties. Stafford County, the regional leader in home sales, saw a 10% year-over-year decrease compared to numbers from June of 2018. Stafford saw exactly 300 closed sales in June of last year, compared to 269 for this year, which corresponds to a more than 9% reduction in total sold dollar volume. Spotsylvania also saw a decrease in home sales compared to last year. The county experienced a nearly 8% drop in the number of sales which led to a nearly 6% reduction in total sold dollar volume. Orange, King George, and Caroline counties all experienced double digit increases in number of units sold in June of this year compared to last year.
FAAR Board of Director Carrie Danko comments, “Summer may be heating up but the market seems to be cooling off in some areas. After an extremely active spring market, the lazy days of summer have hit. The lull in the market could be due to school ending earlier than normal in some jurisdictions or constrained inventory in highly sought-after price points. The low inventory keeps our region in a sellers’ market but the continued low interest rates make this a great time for buyers, too.”
Days on market, the time it takes from when a listing enters the market until it receives a ratified contract and is removed from active status on the multiple listing service, decreased almost 7% with houses averaging 56 days on the market in June of 2019 compared to 60 days in June of 2018.
Active listings were up for the sixth month in a row, with 1,755 listings on the market representing a nearly 6% year-over-year increase. New listings posted a 4.6% increase with 987 new homes coming on the market this June compared to 944 last year. Future settlement activity continues to post strong numbers with over 37% new properties under contract in June of 2019 compared to June of 2018. Inventory overall continues to remain low, especially in the lower-priced market segments. The median price of active listings is currently $396,000, the highest it’s been in more than 10 years.
#MemberMonday Meet Affiliate Kent Schrader
The Fredericksburg Area Association of REALTORS® Member Spotlight feature allows members of the community to get to know each other before working with each other in a transaction. Each member answers a series of questions to reveal more about themselves as people. It is FAAR’s hope that learning about an individual may spark connections that blossom via email, phone conversations or in-person meetings at events and classes.
Name
Kent Schrader
Hometown
Fredericksburg
Current Location
Fredericksburg (Spotsy)
Title
Mortgage Loan Officer at Assurance Financial
Number of Years in the Industry
39 in lending
Why do you love working in real estate?
Everyone needs a place to live, and to work. Real estate affects everyone. I thoroughly enjoy helping people and getting them into new homes is exciting! There are so many aspects of real estate – legal, financial, and physical – all of which interact in unique ways with each transaction. I’ve said for years that ‘part of me’ always wanted to be a detective. Being a lender is the closest thing I could think of to being a detective where I don’t have to be shot at!
Favorite Work Story
One comes to mind. As the 2008 recession was ending, I had a business client who owned his house plus several commercial properties and a business. He wanted to refinance as rates had fallen but had difficulty due to cross-collaterization of some of his debt and lenders that wouldn’t budge. Finally at just the right time, I was able to develop a plan to complete four refinances. While we completed the process over several years, I had changed employers twice, but between the three companies, we completed everything and the client was able to reduce his monthly debt payment by almost $10,000.
What are you most proud of in your career?
I’ve worked in many types of lending, from car loans and personal loans to indirect lending, commercial lending, commercial real estate, construction, and of course mortgage. I have financed a number of the hotels and churches in the area. Early in my career, however, I was fortunate to learn about win-win outcomes. Somehow I also figured out that to be the most successful in lending, the most important thing is to always make the customer a winner first. This means looking at each transaction to accomplish what’s best for the client rather than what’s best for me. It is the “other-focused” approach to people that I believe is actually the most important in any career.
Do you have a special cause or volunteer your time?
The most important cause in my life has been helping disadvantaged children. Last year my wife and I finally “retired” from doing foster care in our home after 20 years. During those years we cared for several dozen children for varying lengths of time, from a couple days to a few months to life (adoption). Foster care taught us so much about raising kids, about people, about ourselves, and about life in general. We learned how huge the need is for positive influences in our kids’ lives. We learned that the most important job in the world is parenting. It has been a tremendous blessing in our lives.
Fun Fact
Lending is not exciting or fun for most people, and I accept that. But somebody’s got to do it and I love it. Once JM High School had a career day and I was invited to speak about my job. I was really looking forward to it until I arrived and found out the schedule. My talk was to be sandwiched in between a prison guard and an airplane pilot. So I figured my hour would be nap time. (Actually it turned out pretty good.)
Are you ready?
Board of Directors Application Deadline: Friday, June 21st
by Pat Breme, RCE, CEO
The question is are you ready to step up be a participant in the organization or will you remain an observer perhaps a complainer without knowing all the facts. Every year the Association sends out an invitation to consider running for a director position on the Board of Directors.
Last year three new directors were elected, Cindy LeBrun, Carol Sondrini and Deb Ellis. They offer their reasons for getting involved—
Carol Sondrini
I am very happy to be a part of FAAR because I believe in the mission of FAAR and I know that without the hard work of volunteers, it cannot be as effective. I first joined Education Committee and was so impressed that I also joined the REALTORS® Foundation and Awards Committee and was honored to be elected to the Board of Directors. I decided to run for the Board because I want to help continue the vision and pathway set forth. The staff and committee members are knowledgeable, professional and inspiring.
Being a part of FAAR has definitely helped me to become a better and more informed REALTOR®.
Cindy LeBrun
I have been involved with FAAR for many years, Chair of the Grievance Committee, member of the Events Committee and my most rewarding time, as a Governor on the REALTORS® Foundation. Our members don’t fully understand the Governors’ commitment of their time and talents to raise money for many needy local residents.
The work only happens when people get involved.
My reason to serve on BOD was to assist the new President with his vision of bringing the membership together, whether they are experienced or just being sworn in. I want to support the BOD’s efforts to educate, encourage and support our members to be successful REALTORS®. I have advanced my career by taking advantage of educational opportunities, networking and assuming leadership roles.
Deb Ellis
I am very passionate about education. I see a need in our industry for ongoing education because the industry is constantly changing. I want to learn from other educators so I can make a positive difference as an instructor. Better training will increase the number of agents with a deeper knowledge base and who live the Code of Ethics.
One benefit of serving on the Education Committee, is getting to interact with many other talented instructors the other is to nurture agents from many different backgrounds at all levels in their careers. This exposure has helped me grow as an instructor, broker and leader as well. Committee work is collaborative and positive changes are generated in the friendly, respectful environment but FAAR’s committees need new faces and points of view.
Rewarding Committee work lead to a desire to join the Board of Directors. I believed that as a Board member, I could bring a fresh perspective as well as communicate to association members the amazing value the association offers.
In the short time I have been a Director, the experience has given me more than I expected. The Board does more than agents realize. I am honored to have been chosen to be an advocate for the members and a spokesperson for the benefits the association offers.
By being involved, I continue to gain more industry knowledge and how to use the information to succeed. I want to share what I learn with members.
Be a participant in the process. Make your opinions and concerns heard. Be a catalyst for change!
Interviews to take place in June. The Board votes on the slate at its July meeting. The election ballot is pushed out to the members in August. The winners are announced at the September 25th Expo.
Questions? Contact me at pbreme@faarmembers.com.
#MemberMonday Meet REALTOR® DeAnna Hamn
The Fredericksburg Area Association of REALTORS® Member Spotlight feature allows members of the community to get to know each other before working with each other in a transaction. Each member answers a series of questions to reveal more about themselves as people. It is FAAR’s hope that learning about an individual may spark connections that blossom via email, phone conversations or in-person meetings at events and classes.
Name
DeAnna Hamn
Hometown
Fredericksburg
Current Location
Fredericksburg
Title
Realtor®, Admin Assistant, Property Management Assistant
Number of Years in the Industry
As a Realtor® 1, Pushing paper (Administrative) 17
Why do you love working in real estate?
I love it when first time home buyers and long term renters realize that homeownership is not just a dream but very attainable.
What are you most proud of in your career?
Rookie of the Year 2018! Need I say more…lol. Just kidding, 1st Choice BHL is home to 3 Rookies…Carrie Danko, Ruth Campbell and myself.
Do you have a special cause or volunteer your time?
Prison Ministry! My degree is in counseling with a focus on corrections. However, I will never pass up an opportunity to volunteer in the community.
Fun Fact
I am a 3rd generation Realtor®! Ann Black is owner/broker of 1st Choice Better Homes & Land, LC my amazing brokerage, but more importantly she is my grandma (Meme). Tricia Barnes, Associate broker and General Manager is my Aunt, Penny Traber Realtor® and Sales manager is my Aunt, LeAnn Black, Realtor® is my mom. Additional family that works at 1st Choice BHL are my Uncle Greg Traber and my cousin Beth Pannell.
Go Wild at the 2019 FAAR Expo
The FAAR Special Events Committee & the FAAR Education Committee have been hard at work planning the 2019 FAAR Expo. There will be some new twists to this year’s expo with a special focus on more ways to win prizes every hour throughout the day.
Mark September 25th on your calendar & look for registration in July!
Keynote
Pete Kopf, 2020 REALTOR® Party Director
9-10 AM | Classroom 1
Pete brings decades of real estate experience with him from his home state of Ohio and currently serves as the REALTOR® Party Chair at NAR. He will focus on growing your business through the power of the REALTOR® brand. From professionalism to the Code of Ethics to RPAC and advocacy, being a REALTOR® sets you apart…. Learn how to harness that power!
Read more about Pete
The Age of Aggregators—Creating Opportunities & Sustaining Value
Matthew Rathbun
10:30-11:30 AM | Classroom 2
Some see proliferation of listing data among multiple aggregators and websites as a threat to the industry, while others have been mastering the use of these marketing platforms to serve their clients and build their business. This session helps agents re-establish their value proposition with their clients utilizing the tools and free resources offered by the data aggregators to help with personal branding, marketing their client’s listings and creating more business opportunities. You’ll leave with a list of tools and practices that have been proven to enhance your business.
Read more about Matthew
2020 Vision: An Economist’s View
Dr. Lisa Sturtevant, Chief Economist, Virginia REALTORS®
11 AM – 12 PM | Classroom 1
Boom or bust?? That is the question that REALTORS® and anyone in the real estate industry is always asking themselves. The Virginia REALTORS® Chief Economist will sift through the tea leaves of today’s real estate market and give you the insights and information you need to weather any storm.
Read more about Lisa
HOA’s from A to Z
Michele Freemyers
12:30-1:30 PM | Classroom 1
Everything you need to know about the HOA’s affect on your transaction! Partial HOA packet? Seller has violations? Initiation fee confusion? Learn how to navigate these and other situations in this NEW class with Michele!
Read more about Michele
Barbara Speaking: A Summary of DPOR Violations
by Barbara Castillo, RCE, CIPS
Professional Development
Although DPOR no longer publishes an official publication of violations and disciplinary actions, the Real Estate Board meeting minutes are public record and it’s quite easy to research and compile. While assembling this years’ violations, Escrow continues to be the number 1 infraction!
In total, DPOR looked into approximately 200 complaints from April 2018-March 2019, and found violations for 131 agents. Fines ranged from $150-$4000, and most individuals were ordered to complete 2-6 hours of remedial classroom education in addition to their fine. Read a summary of the infractions here.
§ 54.1-2132. A.4
Licensees engaged by buyers shall exercise ordinary care.
There were 19 disciplinary actions found, with fines ranging from $300-$1150, and remedial education required including 4 hours agency, 4 hours contracts, and 12 hours escrow.
§ 54.1-2133.A .1,4
Licensees engaged by landlords to lease property shall Perform in accordance with the terms of the brokerage agreement and exercise ordinary care.
There were 2 disciplinary actions found, with fines of $550-$650, and remedial education required including 4 hours of property management.
§ 54.1-2137. B
Commencement and termination of brokerage relationships: Brokerage agreements shall be in writing.
There were 2 disciplinary actions found, with monetary penalties ranging from $200-$350, and remedial education required including 3 hours Contracts and 2 hours Agency.
18VAC135-20-155.
Grounds for disciplinary action, the board has the power to fine any licensee or certificate holder and to suspend or revoke any license or certificate issued under the provisions of Chapter 21.
There were 5 disciplinary actions found, with fines from $500-$2650. Additionally, 2 were given 2 years’ probation, and one license was revoked.
18VAC135-20-185. C.2
Maintenance and Management of Financial Records. Failing to retain for a period of three years from the date of closing or from ratification, if the transaction fails to close, a complete and legible copy of each executed contract of sale, any executed release from contract, any executed lease agreement, any executed property management agreement, and each settlement statement related to a real estate transaction, in the broker’s control or possession unless prohibited by law.
There were 3 disciplinary actions found, with fines ranging from $500-$1000.
18VAC135-20-190. E.4
Advertising by Licensees. Failing to obtain the written consent of the seller, landlord, optionor or licensor prior to advertising a specific identifiable property.
There were 2 disciplinary actions found, both with a $450 fine, and 3 hours remedial education in Agency and Ethics.
18VAC135-20-210.
Disclosure of Interest. If a licensee knows or should have known that he, any member of his family, his firm, any member of his firm, or any entity in which he has an ownership interest, is acquiring or attempting to acquire or is selling or leasing real property through purchase, sale, or lease and the licensee is a party to the transaction, the licensee must disclose in writing that he is a licensee and that he, any member of his family, his firm, any member of his firm, or any entity in which he has an ownership interest has or will have an ownership interest to the other parties to the transaction. This disclosure shall be made to the purchaser, seller, lessor, or lessee upon having substantive discussions about specific real property.
There were 9 disciplinary actions found, with 4 receiving 2 years’ probation, one license revocation, remedial education of 3 hours Ethics, 3 hours Agency, and fines ranging from $1000- $2500.
18VAC135-20-240.
Provision of Records to the Board. a licensee of the Real Estate Board shall produce to the board or any of its agents within 10 days of the request evidence of signature cards or bank records, any document, book, or record concerning any real estate transaction in which the licensee was involved, or for which the licensee is required to maintain records for inspection and copying by the board or its agents.
There was 1 violation found, with a fine of $300 and license probation.
18VAC135-20-250.
Response to Any Inquiry of the Board. A licensee must respond to an inquiry by the board, other than requested under 18VAC135-20-240, or its agents within 21 days.
There was 1 violation found, with a fine of $2050, and license revocation.
18VAC135-20-260.1
Prohibited Acts. Furnishing substantially inaccurate or incomplete information to the board in obtaining, renewing, reinstating, or maintaining a license.
There were 5 violations, with fines ranging from $150-$1500, and 1 license revocation. 2 hours remedial education in Property Management and Broker Management was also ordered.
18VAC135-20-260.5
Prohibited Acts. Signing an experience verification form without direct supervision or actual knowledge of the applicant’s activities.
There were 4 violations, with 1 license suspension and 2 license revocations, and a fine of $150.
18VAC135-20-260.6
Prohibited Acts. Having been convicted or found guilty regardless of the manner of adjudication in any jurisdiction of the United States of a misdemeanor involving moral turpitude, sexual offense, drug distribution or physical injury, or any felony, there being no appeal pending therefrom or the time for appeal having elapsed.
There were 12 violations, 3 receiving probation, and 7 license revocations. Fines ranged from $150-$1200.
18VAC135-20-260.7
Prohibited Acts. Failing to inform the board in writing within 30 days of pleading guilty or nolo contendere or being convicted or found guilty regardless of adjudication of any convictions as stated in subdivision 6 of this section.
There were 2 violations, with fines ranging from $150-$500.
18VAC135-20-260.10
Prohibited Acts. Having been found in a court or an administrative body of competent jurisdiction to have violated the Virginia Fair Housing Act, the Fair Housing Laws of any jurisdiction of the United States, including without limitation Title VIII of the Civil Rights Act of 1968 (82 Stat. 73), or the Civil Rights Act of 1866 (14 Stat. 27), there being no appeal therefrom or the time for appeal having elapsed.
There was 1 violation, with a fine of $1150, and 3 hours Ethics and 3 hours agency education ordered.
18VAC135-20-260.11.f,g,j
Prohibited Acts. Actions constituting failing to act as a real estate broker or salesperson in such a manner as to safeguard the interests of the public, including but not limited to the following; A broker failing to account for or remit any moneys coming into a licensee’s possession that belong to another, A licensee failing to submit to the broker in a timely manner, all earnest money deposits, contracts, listing agreements, deeds of lease, or any other documents for which the broker has oversight responsibility, A licensee practicing real estate with an inactive or expired license.
There were 34 violations, with fines ranging from $250-$1900, and most violators required to complete 3 hours of remedial escrow education.
18VAC135-20-260.12h
Prohibited Acts. Actions constituting engaging in improper, fraudulent, or dishonest conduct, including but not limited to the following: A licensee representing in offers he received the earnest money deposit when he has not or he knows the check is worthless.
There were 7 violations, with fines ranging from $150-$2650. Additional penalties included probation for 1 licensee, and revocation for 1.
18VAC135-20-270.3
Conflict of Interest. Performing regulated activities as a standard agent, limited service agent, or independent contractor for any client outside the licensee’s brokerage firm(s) or sole proprietorship(s).
There were 3 violations, with the penalty being license revocation for 2. All violators received a fine of $1150.
18VAC135-20-290. 1
Improper Dealing. Offering real property for sale or for lease without the knowledge and consent of the owner or the owner’s authorized representative, or on any terms other than those authorized by the owner or the owner’s authorized representative.
There was 1 violation, with a $550 fine imposed.
18VAC135-20-300.6
Misrepresentation/Omission. Failing as a licensee to tender promptly to the buyer and seller every written offer, every written counteroffer, and every written rejection to purchase, option or lease obtained on the property involved.
There was 1 violation, with a $650 fine and 3 hours of remedial education in contracts ordered.
18VAC135-20-310.1
Improper Delivery of Instruments. Failing to make prompt delivery to each principal to a transaction, complete and legible copies of any written disclosures required by the Code of Virginia, listings, lease, offers to purchase, counteroffers, addenda and ratified agreements, and other documentation required by the agreement.
18VAC135-20-310.2
Improper Delivery of Instruments. Failing to provide in a timely manner to all principals to the transaction written notice of any material changes to the transaction.
There were 17 violations, with fines ranging from $200-$1150, and remedial education of 3 hours escrow, 3 hours contracts or 3 hours escrow ordered for most violators.
Press Releases
Median house price up $20K across Fred region
The local economy remained healthy throughout the 3rd quarter of 2019. Unemployment remains very low along with interest rates with no indication of either situation changing in the near future. Sales continued to grow throughout the FAAR footprint, with 5% more...
FAAR Cereal Drive Success
Each year, the Fredericksburg Area Association of Realtors® (FAAR) collects cereal to donate to area food banks. This year, FAAR members collected over 17,000 boxes of cereal. FAAR would like to recognize the members and volunteers who worked so hard to collect so...
Summer Isn’t Over in the Real Estate Market
September proved another active month in the local real estate market with double digit increases in total sold dollar volume and units sold and a modest increase in median price compared to last September. Total sold dollar volume came in at approximately $184.5...
August Market Continues to Sizzle
The summer market continued to sizzle with an active August that posted gains in total volume, median price, and units sold with a large decrease in days on market. Total sold dollar volume increased nearly 13%, going from approximately $191.2 million in August of...