We go over the latest residential real estate market information.
We know the market, and we’re here to help you. Let’s go over the September 2022 market and update you on the latest residential real estate activity in your area.
Throughout August, only six MLS areas had over 100 active listings. This smaller inventory pool means that buyers who waited to buy may have had a smaller selection to choose from. The median listing price was $500,000. The average number of days spent on the market rose from last year’s 35 days to our current 38 days. This higher number of days may signal a slowdown in the local inventory turnover rate. The median sales price was $403,900. The number of units sold went up 14.2% year over year and increased 1.6% month over month. Higher year-over-year figures indicate that more buyers have been finding what they’re looking for.
If you’d like more information and assistance, please call or email us. We look forward to helping you.