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To Blog

Housing Inventory, Sales Pace Improve for Buyers

September 16, 2022
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Posted by Robin Taylor Roth

Data from Realtor.com’s August Housing Trends Report included some good news for would-be homebuyers. Property sales slowed, turning in their first year-over-year increase in days on the market since June 2020.

Homes stayed on the market five days longer for a total of 42 days. Buyers also had more inventory to consider when compared to 2021 numbers, as homes for sale climbed more than 26%. While listing prices increased by double digits, the overall sales pace did slow for the third consecutive month. Ultimately, the median listing price reached $435,000 nationwide, nearly 37% higher than in August 2019.


Credits: Mark Sanders
Mortgage Consultant
NMLS # 233908
408 Route 206 South
Hillsborough, NJ 08844
Cell # 609-707-4756

 

 

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