MONTHLY MARKET SNAPSHOT
Real Estate Market
October 2023 Overview
Monthly Market UpdateHigh interest rates continue to influence inventory and growth
There were 11,403 active listings in the database for this month.
There were 6,134 new listings added in the database for this month.
There were 5,684 total residential units & condo units under contract for this month.
The total dollar value of closed sales for residential homes for this month was $3,535,626,496 and was $410,012,856 for condominiums.
Months of Inventory
A balanced market is considered to be 4 to 6 months by most industry experts. At the current rate of sales, it would take around two months to sell every home that is active in the NWMLS inventory.
NWMLS Brokers sold 5,291 residential homes & condos in total for this month.
Market Trends & Statistics
View Historical Real Estate Statistics.
Get granular on real estate statistics with interactive charts encompassing the length of active, new, and additional metrics.
View Individual Counties in PDF Format
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