Combined sales into large rental, commercial and government buyers were up over 4% year over year in April.
The average listing price of about $27,000 is running 25% above year-ago levels and 38% over pre-pandemic 2019 levels.
October figures show buyers are much more aggressive in purchasing than is typically the case in the fall. Combined sales into large rental, commercial, and government buyers were down 24% year-over-year in October.
The sales conversion rate also increased last month and ended at a level higher than typical for August, indicating buyers have become more aggressive than they were in June and July.
The IARA Summer Roundtable conference balanced a look back at successes while confronting industry challenges ahead.
High prices and relatively tight inventory keep more buyers at bay.
The average listing price surpassed the $22,000 mark for the first time ever in April, closing the month at a new high of $22,568.
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