A total of 579 sales closed in September, still a busy month, but down 17% from last year’s high.Â
That slight downturn in activity wasn’t due to lack of buyer appetite. Competition for the best homes pushed the market’s average sales price to $279,000, up 13% from last year.Â
That means that sellers are getting what they’re asking for their homes, and closing quickly.Â
One factor that could put some downward pressure on median prices is inventory of homes for sale. With 1899 homes on the market at the end of September, the selection remains below historical levels.Â
Sellers remain attracted by pricing and buyer competition. 649 new listings hit the market in September, down 4% from September 2020.
The fall selling season is still going strong. If this has you thinking about selling, contact Jean to start the selling process.
You must be logged in to post a comment.