October numbers are in and the trend of lower pending single family home sales continues, down 38% from October 2021. The inventory of homes on the market is up considerably from last year, but with another recent interest rate hike, and winter on the horizon, it will be interesting to see how that number moves in the coming months.
Check out the attached report to see where all of the October residential real estate numbers came in for this year. Feel free to reach out with any questions or comments you may have and, as always, I hope you’ll consider hiring me as your broker if you are interested in buying, selling, or investing in a home.