August 2022 Market Report

Homes coming onto the market have both dropped significantly from last month, though it's normal for this time of year. We did have 1 more home listed this August than August of 2021. That's a big deal. It's a big deal, because we haven't seen that stat line in quite a while. Also 48% of homes listed in August were still on the market as of Sept 1. This tells us that homes are sitting a bit longer on the market. 

Another interesting stat that stands out, is that the median sales price was only $2000 over asking. The smallest number we have seen a very long time. 

This data shows us that more of the same is continuing...
Buyers are being more selective. The frenzy is over, though, there's still plenty of people out there shopping and ready to buy. 

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