The U.S. economy is showing strength — new single-family home sales rebounded in July and consumer confidence increased the highest in seven months.
The Greenwich market statistics are out for July. The amount of current inventory for condominium (includes town homes and co-op’s) sales is down 11 % when compared to July of last year.
Last week the Labor Department reported 215,000 jobs were added last month and the unemployment rate remains at 5.3%.
RealtyTrac recently reported that 24.6% of single-family home and condo sales in May were cash transactions.