Single Family Home Inventory Rises 24% Year over Year
Just the facts, in my opinion
In market news:
- Single-family home inventory rose from 932 to 984.
- Days on market for October were at 21 days. October 2021 was at 20 days for comparison.
- Average sales price for October was 802K, up from 773K in September. October 2021 was at 745K.
- Median sales price for October was 610K, up from 581K in September. October 2021 was at 513K.
- Sales pace is slower again. 33% down from October 2021 and 19% lower in total for the year so far compared to 2021. This slower pace has been the trend since July 2021.
- October saw the sales price at 96.8% of the list price. Up from 96.2% in September.
As always, call me for any reason and I'll be happy to help!
- Thomas D.