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 is worth today!
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Market Watch • October 11, 2022
Median Sales Price – October 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 Days on Market – July 2022 Days on market fell to an all-time low of 14, meaning buyers in the market are acting quickly. However, offers over asking fell from 4.2 in May to 3.4 per property. Competition may be waning, but buyers are still snapping homes up quickly. If you are ready to move, we can make it happen fast […]