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HOME SUPPLY UP - FRANTIC BUYING PACE SLOWS

9/17/2022

 
In August, closed sales were down 17% compared to a year ago, with 8,256 transactions across the state. New listings followed the cooling trend, falling 17.9% compared to last August even as the total number of homes for sale increased by 2% to 13,271. This bumped the supply of homes on the market to 1.9 months, an 18.8% gain over last year.
 
Although the median sales price increased 4.4% to $330,000, sellers were receiving slightly less than their asking price, down 2.2% to 99.3%. Homes were sitting longer, too, with days on the market averaging 29 days, up 7.4% from August 2021.
 
See the full August Housing Report here. 

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  • MAIN
  • ABOUT ME
    • Background & Values
    • CLIENT COMMENTS
    • Anderson Realty
  • HOMESMART BLOG
  • BUY & SELL
    • FOR SELLERS
    • FOR BUYERS
    • FEATURED HOMES
    • Value of Your Home
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