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Market Watch • April 15, 2022

April 2022 Market Update – 2

by Donald Weyhrauch

Inventory at 1.7 has only inched above the all-time low of 1.6 months. There are still fewer than 900,000 homes for sale in the entire country! However, there are still opportunities to purchase a home before prices—and mortgage rates!—go any higher. Message me to learn about the buying opportunities in our area.

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Market Watch DAYS ON MARKET – 2022 Days on market has ticked up from the historical low of 14 days to 21 days and the number of competing offers has fallen from 5.5 offers per listing in April to 2.4— same as last month. Buyers, you’re facing less competition BUT THE NICEST HOMES GO FAST! Message me if you’re ready to make […]
Market Watch Home Inventory Remains… Despite a slowdown in sales, inventory remains historically low.  If you are qualified to buy, you may want to act while prices are stabilizing—and before mortgage rates go any higher! Message me to learn about the buying opportunities in your area.
Market Watch Median Sales Price – October 2022 Prices dropped slightly as higher mortgage rates impact affordability. According to experts, prices are not expected to depreciate, but the rapid appreciation of the last 2 years may be slowing. If you are thinking about selling to maximize your net profit, message me for a free local market analysis to see how much your property […]
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