History repeats itself
Posted by Ri Prasad on Thursday, October 27, 2022 at 3:18 PM
By Ri Prasad / October 27, 2022
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October has historically been the best month for buyers, and it looks like this year will follow suit. While prices and interest rates remain high, growing inventory levels and longer days on market are giving buyers new options. |
Inventory jumped a whopping 31% YoY in the week ending October 8th
Time on market has doubled to 34 days from the record-low of 17 days in May and June
The median asking price for newly listed homes increased by 8% from last year to $378,225 |
My Take |
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