Market Insights for August 2023

August 1st – August 31st: Fully Accepted Offers

• Inspections waived 27%
• Pre-MLS sales 3%
• Cash 17%, Conventional 68%, FHA 10%, VA 3%
• The average purchase to list price is 100.8%, Median purchase-to list price is 100%
• Seller Contribution towards buyer’s closing costs 36%
• Home warranties included 7%
• Contingent on the sale of the buyer’s home 12%
• Escalation clauses included in 7%
• Appraisal gaps included in 16% of financed purchases
• Cancellation rate of 4%

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