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ADUs also help local economies by providing housing to people on the lower-to-middle economic scale to live within typically pricy urban areas that are closer to job centers and greater public transportation options. The number of new homes for sale fell 19% (4009) across the county from June to July and 9.5% year-on-year (YoY).
New owners here spend an average of $232.5K on first-year costs, including a 20% down payment, closing costs, monthly mortgage, insurance and property taxes. The few homes that are available are selling quickly and at or above list price.” fewer newlistings, the number of sales rose 1.7% While there were 5.8%
An insurance company offered a good example of just how bad it has gotten. The county saw newlistings and end-month Active listings rise but Pending sales slip, suggesting buyers are no longer snatching every listing on the Northwest MLS as they become available.
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