The median sales price increased by 9.82% to $465,000 in August.
Pending Sales were down 35.43% and are still well below the previous 5-year average.
Active Listings were down 11% vs. August 2022 and significantly down compared to the 5-year average, as 76% of all new listings sold within their first 30 days on the market.
It continues to be a hot "Seller's Market" with only1 month of inventory based on the August rate of sales...a normal market would have 4-6 months worth of inventory.
But for Buyers, it is also a great time to buy, as their buying power remains high due to having significant equity from the sales of their properties.
