The Weekly Market Report provides up-to-date listing and showing information to help you track market activity in real time. These reports are posted to this page as they are released.
Here are the highlights for the week ending October 1, 2023:
- Time to contract remains constant. The median time to contract for the week ending October 1 remained at 17 for the sixth week in a row, and it has stayed between 16 and 17 days since the beginning of July. The time to contract is 6 days higher than last year during this week.
- Median list price stays elevated. The median list price is completely flat from last week and remains at $399,900. In prior years, list prices tend to fall through September, but this year is defying the norm. While many buyers are being priced out, low inventory is keeping prices strong.
- New listings shrink again. There were 5,099 new listings this week, which is 5.2% lower than last week and 13.2% lower than last year. While the gap has closed between last year and this year’s levels, supply remains at very low levels.
Get the latest data: Week Ending October 1, 2023
What’s included in the weekly report:
- Weekly showings
- Weekly new purchase contracts
- Median time to contract for new purchase contracts
- Weekly new listings
- Median list price for new listings
The Weekly Market Report includes data for the entire Bright MLS footprint as well as the nine market metro areas within the Bright area:
