Nationally, the inventory of homes actively for sale on a typical day in August increased by 26.6% over the past year. However, driven by a decline in seller sentiment, the inventory growth rate in August was lower than July’s historical growth rate of 30.7%, which was the largest increase in inventory in the data history.
The typical home spent 42 days on the market this August which is five days more than last year and the first month that time on market increased since June 2020, during the early days of the pandemic.
The typical U.S. home value now stands at $357,107 after declining by 0.1% ($366) month over month in July, as measured by the raw Zillow Home Value Index (ZHVI).
The rental market remains in a period of relative calm, continuing a trend that’s formed in recent months. The nation’s typical monthly rent in July was $2,031, up 0.6% from June and up 13.7% from a year prior.
Nationally, Sentrilock home showings were down 14% year-over-year. Showings declined in every region of the U.S. http://ow.ly/VJNQ50KTBxW
The market has contracted as fewer buyers can afford to purchase in today's market, but in many areas of the country, the market does remain a seller's market. For every home that was listed, there were 2.5 offers. http://ow.ly/XaG250KTjqg
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82% of respondents reported properties sold in less than one month. Down from 88% a month ago and down from 89% in July 2021. Homes listed received an average of 2.8 offers, down from 3.4 offers in June 2022 and 4.5 in July 2021. http://ow.ly/xCaJ50KSWlK http://2021.Homes
August 2022 brought 4.80 million in sales, a median sales price of $389,500, and 3.2 months of inventory. #NAREHS http://ow.ly/7q2R50KT5ZL
Nationally, Sentrilock home showings were down 14% year-over-year. Showings declined in every region: Northeast (-56%), Midwest (-29%) West (-12%) and South (-1). http://ow.ly/LwCZ50KQGBm
From a year ago, all of the four regions had double-digit declines in sales in August. The West had the most significant dip of 29.0%, followed by the South, which fell 19.3%. The Midwest decreased 15.9%, followed by the Northeast, which was down 13.7%. http://ow.ly/HSFE50KQi28
45% of commercial REALTORS® said that they have participated in a self-defense class. http://ow.ly/mPpY50KPqF2
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