There was one extra working day in September in 2016, which makes the comparison slightly unfair towards September 2017. However, we can see that the year over year sales comparisons were more favorable earlier this year than they are now.
Due to rising prices, the change in total dollars spent on homes was more favorable than the change in the unit count.
- Total dollars spent on single family homes rose by 5% over September 2016.
- Total dollars spent on townhouses & condos rose by 25% over September 2016.
During September, average single family pricing moved slightly lower, reading $306,483, down from $308,401 last month but up 4.3% from $293,717 in September 2016. Average new single family home prices during September were only 0.2% higher than last year at $367,689, partly because of a drop in average new home size.