Greetings!
September Residential Highlights:
New listings (171) decreased 10.9% from the 192 listed in September 2021, and decreased 3.4% from the 177 listed in August 2022. Pending sales (121) decreased 35.3% from the 187 offers accepted in September 2021, and decreased 21.4% from the 154 offers accepted in August 2022. Closed sales (130) decreased 9.1% from the 143 closings in September 2021, and decreased 2.3% from the 133 closings in August 2022.
Inventory and Time on Market:
Inventory increased to 2.9 months in September. Total market time increased to 49 days.
Year to Date Summary:
Comparing the first nine months of 2022 to the same period in 2021, new listings (1,673) decreased 7.6%, pending sales (1,220) decreased 15.3%, and closed sales (1,234) decreased 5.7%.
Average and Median Sales Prices:
Comparing 2022 to 2021 through September, the average sale price has increased 14.3% from $314,100 to $359,000. In the same comparison, the median sale price has increased 14.0% from $285,000 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.