Home Prices are Up (vs August 2019) Average Sales Price - $295,657 (+7.4% ) Median Sales Price - $265,000 (+6%) Home prices are poised to keep rising as interest rates remain near historic lows. Buyer demand doesn't seem to be impacted by employment numbers.
Inventory is Down Homes for Sale - 222 (-58.7%) Closed Sales - 246 (+36.7%) There's intense competition from buyers as sales are up while the number of homes for sale is down.
Market Time is Shorter (mostly) Average Market Time - 69 days (+64%) Median Market Time - 11 days (-42.1%) 50% of sellers sell in less than 11 days while 50% sell in (0 comments)