The August 2023 monthly Housing Indicators data shows declines year-over-year for New Listings, Pending Sales, and Closed Sales. Meanwhile, both Average and Median Sales Prices continued rising while inventory levels dipped. Days on Market also increased significantly.

• New Listings decreased seven percent to 16,054
• Pending Sales decreased 15 percent to 10,640
• Closed Sales were down 12 percent to 11,468
• Days on Market increased 40 percent to 35 days
• The Median Sales Price increased three percent to $356,688
• The Average Sales Price increased six percent to $427,639
• Inventory levels decreased four percent to 27,387 units
• Months Supply of Inventory was 2.6 months