Like a broken record...

Another record breaking month!Well, I don’t think it’s a big surprise. Everyone I’ve talked to in the market is experiencing high traffic volume. Not many realtors are taking vacations this summer. Get while the getting’s good - I’m sure! Lots of calls, lots of listings, lots of offers, lots of sales - so naturally we have another record breaking month. Sales are the highest on record with over 4000 sales in July. But let us temper this with: prices are still down about 5% over last year, selection is getting thin again and interest rates are moving up - albeit slooooowwwly.

I expect we’ll see a record breaking Fall as well - just have to determine if these broken records are worth listening to.

Here is the August 2009 GVREB Press Release… Enjoy.