Greetings!
October Residential Highlights:
New listings (156) decreased 0.6% from the 157 listed in October 2021, and decreased 8.8% from the 171 listed in September 2022. Pending sales (115) decreased 31.1% from the 167 offers accepted in October 2021, and decreased 5.0% from the 121 offers accepted in September 2022. Closed sales (116) decreased 37.0% from the 184 closings in October 2021, and decreased 10.8% from the 130 closings in September 2022.
Inventory and Time on Market:
Inventory increased to 3.2 months in October. Total market time decreased to 48 days.
Year to Date Summary:
Comparing the first ten months of 2022 to the same period in 2021, new listings (1,830) decreased 7.2%, pending sales (1,317) decreased 16.9%, and closed sales (1,356) decreased 9.4%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through October, the average sale price has increased 12.7% from $319,800 to $360,400. In the same comparison, the median sale price has increased 12.5% from $289,000 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.