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August 2023 Market Snapshot

Page 1

POST & BEAM ST E A M B O AT ’ S R E S I D E N T I A L SA L E S B A R O M E T E R

# LISTINGS SOLD – 2023

316 -18

%

MEDIAN SALES PRICE – 2023

$928K -1

%

CHANGE FROM 2022

PENDING LISTINGS – 2023

103 -30

%

CHANGE FROM 2022

SALES VOLUME – 2023

$404M -24

%

CHANGE FROM 2022

CHANGE FROM 2022

AUGUST 2023

M E D I A N D AY S O N M K T – 2 0 2 3

12 100

%

CHANGE FROM 2022

PRICE PER SQ FT – 2023

$758 24

%

CHANGE FROM 2022

ACTI V E R ES I D E NTI A L LI STI NGS – AUGUST 1, 2 023

152

-4% CHANGE FROM 2022

As we move into the second half of 2023, our real estate market is adjusting. Active listings have

dropped slightly by 4%, but

You’re invited to imagine what’s next.

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.


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August 2023 Market Snapshot by Steamboat Sotheby's International Realty - Issuu