September 2024

Local Residential Real Estate Activity Down Despite Rate Cuts

Posted on Sep 06, 2024 in Market Statistics

Sales

Residential real estate sales in August fell despite interest rate cuts, reports the Association of Interior REALTORS® (the Association). A total of 1,165 residential unit sales were recorded across the Association region in August coming
in below July’s 1,351 units and below August 2023’s units sold by a 9.5% decrease.

“Sales activity ... taper...

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