As we move into the second half of 2023, our real estate market is adjusting. Active listings have dropped slightly by 4%, but buyer options continue to remain varied. Pending & sold listings are both down due to the limited amount of inventory. The median sales price remains high at $928K, which is just slightly down by 1% compared to last year at this time. Although median days on market are longer than last year, they still remain under two weeks. A notable 24% rise in price per sq ft , $758/sf signals strong buyer interest and market confidence.
AUGUST 2023 PENDING LISTINGS – 2023 PRICE PER SQ FT – 2023 SALES VOLUME – 2023 CHANGE FROM 2022 CHANGE FROM 2022 CHANGE FROM 2022 -1% # LISTINGS SOLD – 2023 MEDIAN DAYS ON MKT – 2023 CHANGE FROM 2022 CHANGE FROM 2022 MEDIAN SALES PRICE – 2023 CHANGE FROM 2022
POST & BEAM STEAMBOAT’S RESIDENTIAL SALES BAROMETER
ACTIVE RESIDENTIAL LISTINGS – AUGUST 1, 2023 103 $758 100% $404M -24% -18% 24%
$928K -30% -4%
CHANGE FROM 2022
316 12
152
You’re invited to imagine what’s next.