Here are the September 2023 numbers:
- Total number of units sold: 946 – same as in September 2022.
- Five-year average unit sales for September: down 29.6%.
- Average sale price of homes sold: $675,412 – up 2.7% in September 2022.
“Sales activity came in right on par with where it stood at the same time last year but was still running well below typical levels for a September,” said Ken Dekker, OREB President. “New listings have surged in the past several months, which has caused overall inventories to begin gradually rising again. However, available supply is still low by historical standards, and we have ample room to absorb more listings coming on the market. Our market is also right in the middle of balanced territory, and while MLS® Benchmark prices are down from last year they are still trending at about the same levels from 2021.”
