It is important to note the above visual compares the July, 2022 statistics to the July, 2021 statistics and it clearly shows the housing market is cooling down. Let's take a look at how July's results compare to June's results, the month over month change.

We remain in a Seller's Market with a 1.9 month's supply of homes to sell. An increase of .2% when compared to June, 2022. Yes, inventory is growing!

The Median Sales price decreased to $395,000 in July from $410,000 in both June and May.

The Average Sales Price decreased to $497,275 in July from $539,063 in June.

The Percent of Original Price Received decreased by 1.6% from 98.8% in June to 97.2% in July.

The Number of Days on the Market increased to 20 in July from 17 in June.

The Inventory of Homes for Sale increased 13.7% from 3,736 in June to 4,248 in July. Slowly but surely the inventory is gaining ground. 

Flashback to July, 2019, New Listings on the Market were 26% less than July, 2022. Pending Sales were nearly 18% less and the Inventory of Homes to Sell was nearly double at 8,379.

Although the housing market is cooling down, it is still very strong. It is a great time to sell a home. Likewise, it is a great time to buy a home!