Single-family home sales fell by 3.8% year over year in August with 7,983 homes sold compared to 8,301 homes sold in August 2022, according to the report.
- The average price increased 2.5% year over year to $420,124.
- Total home sales declined 4.3% year over year year with 9,780 units sold in August.
- The average number of days on market for single-family homes increased from 32 to 42 days year over year.
The townhouse and condominium market declined year over year for the 15th consecutive month in August with sales falling by 19% year over year.
What they’re saying
HAR Chair Cathy Trevino said August’s real estate trends indicate a gradual shift from trends seen during the pandemic.
“We are working our way back to a better place with resale housing while continuing to see strong activity in the rental market,” she said in the release.