RE/MAX National Housing Report for September 2023Inventory Grows for Sixth Straight Month While Sales DeclineDENVER – The number of homes on the market grew month over month for a sixth
National Housing Report - Sept. 2023
Dated: October 26 2023
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RE/MAX National Housing Report for September 2023
Inventory Grows for Sixth Straight Month While Sales Decline
DENVER – The number of homes on the market grew month over month for a sixth consecutive month in September as sales declined 13.8% from August and 17.0% from a year ago. The 9.3% increase in inventory was the largest month-over-month increase in 14 months. Even so, inventory is 8.6% below September 2022 levels.
Despite the growth in inventory over August 2023, new listings were down 1.8% from August and 7.8% year over year.
With three months left in 2023, the Median Sales Price of $415,000 posted a seasonal decline of 2.4% month over month – last September’s sequential drop was 1.2% – but remained 2.5% higher than last September’s $405,000.
Read the full report here.
Theodora D'Amico
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