Let’s look at the Cromford Report mid-month report for September for the MLS system.
Market Summary for the Beginning of September
Here are the basics – the ARMLS numbers for September 1, 2023 compared with September 1, 2022 for all areas & types:
– Active Listings (excluding UCB & CCBS): 11,969 versus 18,694 last year – down 36% – but up 6.5% from 11,241 last month
– Active Listings (including UCB & CCBS): 14,476 versus 21,506 last year – down 33% – but up 3.8% compared with 13,945 last month
– Pending Listings: 4,604 versus 5,607 last year – down 18% – and down 4.9% from 4,842 last month
– Under Contract Listings (including Pending, CCBS & UCB): 7,111 versus 8,419 last year – down 16% – and down 5.8% from 7,546 last month
– Monthly Sales: 6,243 versus 6,317 last year – down 1.2% – but up 5.5% from 5,917 last month
– Monthly Average Sales Price per Sq. Ft.: $282.52 versus $286.71 last year – down 1.5% – but up a tiny 0.01% from $282.48 last month
– Monthly Median Sales Price: $435,000 versus $444,900 last year – down 2.2% – but up a tiny 0.02% from $434,900 last month
Year over year is always a great way to gauge the market. Call The MOHR Group for further information on your specific 602-980-7653
