Single family homes, including condominium units, reported a total of 580 closed sales for the month of September 2022. Comparatively, versus September 2021, this indicates a decline in sales of approximately 7.8% YOY at 580 v. 629 respectively. This shows a slight slowing from August declines YOY despite increases in the Federal Reserve Mortgage Interest Rates. The average closed sales price for September 2022 was $453,006 up 8.7% from the September 2021 closed sales price of $413,863. Median closed sales price for September 2022 was $405,000 up 6.2% from September 2021 median closed sales price of $380,000.
Year to date closed sales through September total 5,230. This total is down 14% compared to closed sales reported through September last year of 6,081. The year to date average sales price through September is $456,086 up 13.6% when compared to last year when year to date closed sales price was $398,743 The median year to date closed sales price through September 2022 was $423,000 up 13.3% to last year’s year to date sales price through September of $367,138.
Inventory, at the time of this report, totals 1,049 properties or 1.8 months of inventory, remarkably similar to last month with 1.7 months of inventory. New construction closed sales this month were even at 54 v. 54. So far this year through September new construction closed sales are down 22.3% at 601 v. 763.
Active |
New |
Expired |
Pending |
Closed |
Average |
Median |
Total |
New Home | ||
Jan 22 | 209 | 493 | 43 | 423 | 411 | $413,100 | $380,000 | $169,784,130 | 51 | |
Feb 22 | 237 | 542 | 29 | 476 | 347 | $426,067 | $400,000 | $147,845,231 | 53 | |
Mar 22 | 233 | 739 | 25 | 588 | 538 | $457,967 | $430,000 | $246,386,232 | 77 | |
Apr 22 | 352 | 855 | 30 | 709 | 570 | $460,388 | $425,000 | $262,420,973 | 68 | 9|
May 22 | 479 | 972 | 43 | 785 | 638 | $481,543 | $450,000 | $307,224,331 | 74 | |
Jun 22 | 798 | 1085 | 54 | 663 | 704 | $478,932 | $440,000 | $337,168,274 | 72 | |
Jul 22 | 1011 | 1008 | 98 | 622 | 583 | $461,005 | $420,000 | $268,795,162 | 57 | |
Aug 22 | 1039 | 902 | 98 | 703 | 629 | $445,867 | $420,000 | $280,450,073 | 54 | |
Sep 22 | 1049 | 847 | 137 | 530 | 580 | $453,006 | $405,500 | $262,473,417 | 54 | |
Sep 21 | 617 | 976 | 69 | 763 | 803 | $413,863 | $380,000 | $332,331,779 | 87 | |
YTD 22 | N/A | 7,645 | 790 | 5,491 | 5,230 | $456,086 | $423,000 | $2,399,469,944 | 601 | |
YTD 21 | N/A | 7,279 | 253 | 6,256 | 6,083 | $398,743 | $367,138 | $2,425,615,151 | 763 |