In September, a cooling trend continued as closed sales were down 18.2% compared to a year ago. New listings also decreased, slipping 17% below last year with 8,384 properties coming on the market. The median sales price was up 4.8% to almost $325,000, although sellers were receiving slightly less than their asking price on average, down about 2% from September 2021.
Homes were sitting on the market longer, up more than 18% to 32 days on average. Slower moving inventory nudged the number of homes for sale up 2.1% to nearly 14,000 properties across the state. Overall, there was two months’ supply of available housing inventory in September, up 17.6% over last year and also marks the highest level of inventory since 2020.
Contact me for more information about the housing report. This is a good time to buy!
