8.23.22 Market Update
Today's closings had a median sales price that was 97.3% of the listing price.
Today's closings had a median sales price that was 97.3% of the listing price.
A new price reduction in Nichols Park on this rainy Monday afternoon.
Despite an increased median-days on market for 5 new closings, sales prices remained consistent with Q1 and Q2 of 2022. The closing on Milner in S-Irving closed at $254.24/sqft!
7 closings had a median of just 4 days on the market, heading into the weekend.
Active listings reflect a recent trend of decreasing prices as median $/sqft came in at $176.89.
Multiple price reductions amongst active listings in today's update.
Closings today saw a median $/sqft drop to $183.10. Are we in for a correction this significant in Q3 and Q4?
A closing on Dartmouth Dr. keeps the momentum going in the Windhaven/Cardinal Village areas.