These stats reflect what has happened in the market up until the end of the previous month (August 2022).  Market stats for September will be available in the middle of October.

If you'd like an even more local report on real estate in your neighborhood, please reach out to me via social media, text, email, or phone, and let me know you'd like a Homebeat. I'll send you monthly updates on what is happening right in your neighborhood.

Please note that the arrows represent an up-or-down in the values, not whether it is 'good' or 'bad.' For example, days on contract may show a red arrow, but properties are selling faster than they were the month before.

Months Supply of Inventory (also known as absorption rate) is the amount of time it would take to sell all existing homes on the MLS if no new listings came on the market. Typically a 5-6 month supply is considered a 'balanced market' (not leaning in favor of either buyer or seller.  Less than six (6) months is considered a "seller's market" while more than six (6) months is considered a "buyers market."

If you or someone you know has questions about these statistics or real estate in our area, please don't hesitate to reach out to me.

Posted by Jeff Sallan on
Email Send a link to post via Email

Leave A Comment

Please note that your email address is kept private upon posting.