Affordability Index Dropping

Written By Melissa Barker

Just the facts, in my opinion

In market news:
- Single-family home inventory rose from 849 to 932.
- Days on market for September were at 21 days. September 2021 was at 19 days for comparison.
- Average sales price for September was 773K, down from 82oK in August. September 2021 was at 667K.
- Median sales price for September was 581K, up from 575K in August. September 2021 was at 475K.
- Sales pace is slower again. 24% down from September 2021 and 18% lower in total for the year so far compared to 2021. This slower pace has been the trend since July 2021.
- September saw the sales price at 96.2% of the list price. Down from 97.3% in August.

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

 
Melissa Barker https://weinc.co
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Interest Rates Start to Take Their Toll