Homes Spent Less Time on the Market in August [Infographic]

August 2023 Housing Market Report - Infographic

August 2023 Highlights

  • The number of homes actively for sale decreased by 7.9% compared to August 2022.
  • The total number of unsold homes, including those under contract, decreased by 9.2% compared to last year.
  • Home sellers were less active, with 7.5% fewer newly listed homes than last August.
  • The median price of homes for sale increased slightly after declining on an annual basis for two months in a row.
  • Homes spent 46 days on the market, five days longer than last year but still shorter than before the COVID-19 pandemic.