Average Sales Price Decreases

Just the facts, in my opinion

In market news:
- Single-family home inventory rose from 790 to 868, a steady increase for the past 5 months.
- Days on market for July were at 11 days. July 2021 was at 13 days for comparison.
- Average sales price for July was 826K, down from 865K in June. July 2021 was at 686K.
- Median sales price for July was 566K, down from 610K in June. July 2021 was at 509K.
- Sales pace is slower again. 24% down from July 2021 and 17% lower in total for the year so far compared to 2021. This slower pace has been the trend since July 2021.
- July also saw the sales price go below the asking price at 99.4% of the list price. Down from 100.4% in June.

As always, call me for any reason and I'll be happy to help!
- Thomas D.