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The Reality of Realty in a Pandemic Part XVIII– Selling Strategies show a Change in Tides

Welcome to the end of Summer!! The end of August brings the beginning of Back to School!! People tend to keep busy preparing themselves for this time of year in the final weeks of the month. This shows in the decrease in sales for this month, but this is normal for the month of August.


With the number of sales still stabilizing, here are the Acton specific statistics to consider for the period of August, 1 – August 31, 2021;


  • 13 homes sold firm at an average of 101% of asking price.

  • It took an average of 17 days on the market to sell firm.

  • Average sale price in Acton - $800,796

  • Lowest sale price - $620,000

  • Highest sale price - $1,110,000


Contrasting with August 2020;


  • 23 homes sold firm at an average of 103% of asking price

  • It took an average of 7 days on the market to sell firm

  • Average sale price in Acton - $671,152

  • Lowest sale price - $295,000

  • Highest sale price - $860,000


One of the most interesting trends that is showing up now is that the strategy of ‘holding off offers’ isn’t working as it once has. The list price is now more reflective of the market value. Out of the 13 homes that sold in the month of August, only 5 of them got more than 100% of asking.


Looking forward to September, I feel like we may start to see the market settle back into a normalcy we haven’t seen in a while. Once the routine of school has been adjusted to, I feel that the fall market will be upon us. I myself am looking forward to the fall colours in virtual tours!!

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