Homes Spent Less Time on the Market in August [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.