Photo by Tierra Mallorca on Unsplash

Property sales drop 49.8% YoY in July

There were only 4,997 units sold during the month.

Only 4,997 building units were sold in July, representing a 49.8% YoY and a 20.6% MoM decline.

Of those sold, 3,671 were residential units. The number of sold residential units dropped 23.9% from May, and 51.6% from the same period last year.

Total consideration for sold residential units likewise dipped in July, decreasing 25% MoM and 56.9% YoY to $33.9b.

Overall, total considerations for all properties sold during the month dropped 21.1% MoM and 55.4% You to $41.9b

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