Greetings!
August Residential Highlights:
New listings (177) decreased 17.7% from the 215 listed in August 2021, and increased 9.9% from the 161 listed in July 2022. Pending sales (154) decreased 15.4% from the 182 offers accepted in August 2021, and increased 13.2% from the 136 offers accepted in July 2022. Closed sales (133) decreased 17.4% from the 161 closings in August 2021, and increased 8.1% from the 123 closings in July 2022.
Inventory and Time on Market:
Inventory decreased to 2.6 months in August. Total market time decreased to 36 days.
Year to Date Summary:
Comparing the first eight months of 2022 to the same period in 2021, new listings (1,498) decreased 6.7%, pending sales (1,107) decreased 13.1%, and closed sales (1,102) decreased 4.8%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through August, the average sale price has increased 15.5% from $311,500 to $359,800. In the same comparison, the median sale price has increased 14.4% from $284,000 to $325,000.
In the link below, you will find the latest market statistics for home sales in your neighborhood!
As always, you can find additional information on our website and we would love to connect with you on Facebook!
CLICK HERE TO VIEW THE REPORT!
*Inventory in Months is calculated by dividing the Active Residential Listings at the end of the month in question by the number of closed sales for that month. This number includes proposed and under construction homes.