Market Watch

Trends in the local and national markets

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 […]
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 […]

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 […]

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 […]

Market Watch Existing Home Sales – July 2022 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!

Market Watch Current Inventory – July 2022 While inventory remains historically low, it continues to climb. If you are qualified to buy, this additional inventory means you have more inventory to choose from before prices—and mortgage rates!—go any higher. Message me to learn about the buying opportunities in your area.

Market Watch Median Sales Price – July 2022 Buyers continue to bid prices up even as sales are slowing down. When more buyers feel the impact of higher mortgage rates, prices may level off. 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!

Market Watch Existing Home Sales – May 2022 The unprecedented lack of inventory coupled with rising mortgage rates has stalled growth in home sales as buyers face affordability issues. If you have been thinking about selling and have questions about where the market is heading in our area, message me!

Market Watch Current Inventory – May 2022 Inventory at has increased slightly, up to 2 months from 1.7 last month, but still at historic lows. 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.

Market Watch Median Sales Price – May 2022 Prices continue to rise, up 15 % year over year. This represents a decade of continuous growth! Thinking about selling to maximize your net profit? Call me for a free market analysis to see how much your property is worth today!

Market Watch April 2022 Market Update – 4 The unprecedented lack of inventory is taking its toll on home sales. Fewer homes to buy = fewer home sales = a bigger pool of buyers ready and willing to buy! If you have been thinking about selling and have questions about where the market is heading in our area, message me!

Market Watch April 2022 Market Update – 3 Offers over-asking have risen to 48%, inching closer to the peak of 55% in the summer of 2021—the market is still hot and consistent low days on market indicate that buyers are still snapping homes up quickly. Let’s get your offer in! If you are ready to move, we can make it happen fast to […]

Market Watch April 2022 Market Update – 2 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.

Market Watch April 2022 Market Update – 1 Prices continue to rise, up 15 % year over year. This represents a decade of continuous growth! Thinking about selling to maximize your net profit? Message me for a free market analysis to see how much your property is worth today!