August Real Estate Update

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Alamo is experiencing an increase in sold prices by 7% of about $110,000, causing the average sale price to have increased over 3% by $51,600.  Supply is short for buyers looking to buy but expired properties have decreased 11% which concludes that the sales of these houses have ben increasing more and the transactions have been going through.

As for Alamo, the median sale price went up year over year by 3% from $1,847,400 to $1,899,000.
Sold properties were down year over year by 12% from 24 to 21.
Properties under contract went down year over year by 41% from 29 to 17.
New properties went down year over year by 3% from 33 to 32.
For sale properties also went down year over year by 21% from 92 to 73.
Expired properties went down by 11% from 9 to 8.
The average days on the market went up by 1% from 39 to 39.