July Market Report | Year over Year Change

Central Corridor

Median Sale Price $400,000 | -2.7%

Median Price per/Sqft. $237 | +5.8%

Homes Sold 193 | -36%

Average % of List Price Paid 101.7% | +0.9%

Median Days on Market 26 | -13.3%

Months Supply of Inventory 1.7 | -22.7%

Active Listings 331 | -29.6%

Mortgage Rates Dip Below 5% Giving Buyers More Confidence

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With home prices in many local markets reaching record levels in 2020 and 2021, homeowners and prospective homeowners alike wonder what lies ahead.

What has caused home prices to appreciate so much over the last two years?

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