Follow what is happening in our local market
As of this writing, August of 2022, these are the numbers. This pages charts will update the first of the month with the last months numbers. You can check back often to see how the market shifts. Bookmark this tab for future use.
Average Sales Price- Looking at the market over the last 5 years we can see that prices in our market have never really dropped. But you can see that right about mid 2020, right in the beginning of the pandemic, prices start to move up more quickly. This chart shows you just how the market went wild. As of this writing, homes are still moving up in price, but just not as rapidly.
Average Days on Market- The average days on market was much higher five years ago, but today has dropped. Because more people are competing for less homes, buyers know they have to jump quickly. Hover over the chart to see the numbers.
Price Per Square Foot- We have continued to see the price per square foot move up each year. In the last 5 years we have seen the prices almost double.
How many showings does it take to get an offer? 5 years ago it was just a few, but it has continued to rise to double digits over time.
Hover over the chart to see the changes.
A Balanced Market? We are still in a sellers market. It is hard to determine how long it will take to get balanced. A 6 month supply of homes is considered to be balanced. Anything less is a sellers market and anything more is a buyers market. Hover the chart to see where we are at any given time in the last 5 years.
The Market is still moving up in prices, is still low on inventory and will stay as a sellers market a bit longer. It is anyones guess what is next, or when. But as of August 2022 the market remains tight.
Confused about where this leaves you in this market? Give me a call at (828)553-5190
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