After two years of unprecedented sales, numbers have returned to pre-pandemic levels, as rising mortgage rates and higher prices have driven some buyers out of the market. If you have been thinking about selling and have questions about where the market is heading in our area, message me!
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Market Watch • August 25, 2022
Existing Home Sales – July 2022
by Donald Weyhrauch
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 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 […]