Our local market is following some of the nationwide trends, but we’re seeing some anomalies when it comes to prices.
For July 2023, sales volume across our four communities is down between 24% - 31% compared to July 2022 and we’re also seeing an increase in days on the market. Last July, the average was 80 days and right now, the average days on the market is at 109.
To summarize, that means fewer homes are selling and the homes that are selling are taking longer to go under contract.
When it comes to pricing, most of our communities are holding steady, the one exception being the Donnelly area, where the median sales price is down 24% year over year. This can be attributed to a larger number of lakefront home sales in 2022 versus 2023.
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