SEPTEMBER 2023
REAL ESTATE NEWSLETTER
CONTACT US:
425-236-6777
The Real Estate Yo-Yo!
August 2023 was a Seller's Market!
• Listings for sale: down 24.1% year over year, up 2.4% month over month
• Listings sold: down 18% year over year, up 8.9% month over month
• Listings under contract: down 0.8% month over month, down 19.1% year over year
• Inventory of closed sales: 1.7 months, down 5.5% year over year
• Average price per square foot of sold listings: up 1% month over month, up 3.5% year over year
• Median price of sold listings: down 0.6% month over month, neutral trend in six months
• Average price of sold listings: up 0.3% month over month, neutral trend in six months
• Average time on market for sold listings: neutral trend, up 21.7% year over year
• Ratio of sold price to original list price: 98%, up 2.1% year over year
REAL ESTATE MARKET NEWS
According to a recent report from Northwest Multiple Listing Service, the median home prices in August saw a 2.5% year-over-year increase, marking the first such increase since January. The median price for the 6,734 homes that closed in 26 counties was $615,000, matching the figure from July. However, other key metrics for August, including new and active listings, pending sales, and closed sales, showed declines.
REAL ESTATE TIPS
INVESTOR CORNER
LIST OF VETTED CONTRACTORS
YOU CAN CALL IN TIMES OF NEED
EVENTS AND HIGHLIGHTS OF SEPTEMBER
If you have any questions or comments you would like answered in next month's newsletter, email me at [email protected] and they will be included in the market update.
OR if you would like more information on our unique systems and programs, call us at 425-236-6777 or visit our website www.GeorgeMoorhead.com
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