MARKET STATS FOR September 2022 Year over Year comparison

New Listings were down 14.0 percent for single family homes and 17.0 percent 

for townhouse-condo properties.

Under Contracts decreased 29.6 percent for single family homes and 32.1 percent for townhouse-condo properties. 

The Median Sales Price was up 9.2 percent to $650,000 for single family homes

and 5.8 percent to $405,000 for townhouse-condo properties.

Days on Market increased 115.4 percent for single family homes and 50.0 percent for townhouse-condo properties.

Affordability challenges have priced many buyers out of the market this year, 

and buyers who do succeed in purchasing a home are finding that the costs of 

homeownership have increased significantly, with monthly mortgage payments

more than 55% higher than a year ago, according to the National Association 

of REALTORS®. Inventory remains lower than normal, and as the market 

continues to shift, experts project homes will begin to spend more days on 

market and price growth will slow in the months ahead.

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