July Real Estate Roundup via Lynn Slaten, Long Realty

CONTRIBUTED BY LYNN SLATEN, LONG REALTY| August 15th, 2023

For July, 2023, there were 16 homes sold, compared to the 17 that were sold in June, 2023 (-6%.) In July, 2022, there were 19 homes sold (-16%.) 

• The median sales price for July, 2023 was $560,875, compared to $499,950 in June, 2023 (+12%.) In July, 2022, the median sales price was $557,000 (+1%.)
• The list price to sales price in July, 2023 was 98%, same as June, 2023. In July, 2022, the list price to sales price was 99% (-2%.)  
• The numbers of homes sold year-to-date at the end of July, 2023 was 157.
• There are currently 39 homes on the market. The median list price is $539,900. Average days on market decreased to 32.
• There are currently 31 homes under contract. Only 6% of those sold over the original asking price.
• There is currently 2.4 months of inventory, which represents Seller’s market in all price ranges from $300K to over $1M.

 Overall, sales were slightly down from June to July, 2023. However, thru July, 2022, 205 homes were sold, representing a 23% one year overall drop in the numbers of sales. Inventory is still down, but our temperatures continue to soar, resulting in a reduced number of buyers. Additionally, mortgage rates are still high and may be further increased to help curb inflation. Let’s see how that impacts SaddleBrooke sales beginning this Fall.

For more information on buying or selling your home, contact Lynn at 520-240-2866 or by email ly***@lo********.com
www.soldonsaddlebrooke.com

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