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OCTOBER 2025 #9
September Market Snapshot:
September Market Snapshot:
Year-Over-Year Trends and What They Mean
Year-Over-Year Trends and What They Mean
SEPTEMBER YEAR OVER YEAR
2024-2025
INVENTORY OF HOMES FOR SALE
Single Family Homes for sale our up +3.1%
Townhouse-Condos for sale our up +26.5%
AFFORDABILITY
(An index of 120 means the median household income is 120% of what is necessary to qualify for the median-priced home under prevailing interest rates.)
Single Family Homes affordability is down -8.6% with an index of 32.
Townhouse-Condo affordability is down -1.7% with an index of 58.
LIST PRICE / PRICE RECEIVED
Single Family Homes received 97.8% of the original listed price.
Townhouse-Condos received 96.5% of the original price.
KEY METRICS
Listings down -15.6%
Pending down -42.2%
Closed up +9.3%
Days on Market up +37%
Average Sales Price up +3.1%
Mortgage Rates are DOWN
Homes Selling for LESS than their asking price
Days on Market are LONGER
Sale Price are UP
Happy Halloween and you are welcome!
Victor Nguyen
Sales Director, Realtor®
DRE.01935142
"Building lifelong relationships through trust, knowledge, and a commitment to helping clients achieve their real estate goals—one step at a time.”
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