While we had 349 active homes come on the market last month, that number was down from 390 August 2021. The big difference is the amount of properties sold. We had 240 last month which is down considerably from August 2021 with 315 sold. That's 23.8% less homes sold than the previous year.
The buyer demand isn't as strong as it was last year. While the average sales prices increased slightly at 2.5%, the average days on market increased another 9.4%. Our monthly supply of inventory has increased 135.7% since this time last year.
With this market adjustment, it takes the right skills and knowledge to sell a home with competition so high. I am that agent. I've been a full time agent since 2007 and also a real estate author. Contact me today to discuss your situation and options.
Laurel Jonas
Northwest Realty Group
208-758-9000
208HomesForSale.com
