Pumpkin Spicy Real Estate Data!

by J2 Home Team

Housing data for September 2023 was a bit spicy, just like the Pumpkin Spice Latte (PSL) that is so prevelant this time of year! Detached single family homes fared better than attached, with more selling for over asking price than a year ago, the average sales price increasing to $770,000 (up 3.6% from 2022) and even 7.3% more homes going under contract within the first week of being on the market.

Attached homes, such as townhomes and condos, were down in these categories from last year, but just barely. So while yes, down since 2022, activity and pricing is essentially holding steady when you look at the numbers.

However, both housing types, on average, did sit on the market a little longer than a year ago - 7.4% longer at 29 days for detached homes and almost 35% longer at 31 days for attached homes. Sellers must be patient and buyers finally have a little bit of time to make a decision. That said, the fact that almost 40% of homes in either category do tend to go under contract within the first week, buyers and sellers both should be aware that the good ones - well priced, staged and maintained - go fast!