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Housing Market Exhibits Signs of Scaling Down

Intelligent Economics > Analysis > Housing Market Exhibits Signs of Scaling Down

This September 2023, there was a total of 902 units sold for all categories, representing a 10.34% decrease from August 2023 and an even greater decrease of 10.43% when compared to September 2022. The price per housing unit, on the other hand, has maintained itself rather consistent for the most recent months, averaging approximately $219,363 per unit. This is a 12.68% increase compared to August 2023 and a larger increase of 18.00% when compared to September 2022. New Housing Units sales have stayed relatively equal compared to past months from 72 in August to 75 a small increase. Meanwhile Used Housing Units sales from months before has shown the same pattern of increasing and decreasing from month to month, September saw a reduction compared to August, form 934 to 827.

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