REAL ESTATE BLOG

April ’22 Market Report

April ’22 Market Report

We continue to see shortages of affordable move-in-ready listings in most markets. Within all price ranges, the best new listings are selling fast with over-asking competing offers. When working with a buyer to write a competing offer, counseling our client as to the offer amount…

March ’22 Market Report

March ’22 Market Report

Although inventory shortages continue to restrict sales, both new and carryover buyers (who have been looking since last year) are waiting to pounce on the brightest and best of this year’s class new listings. And they all want to lock in with their deals before…

2021 YEAR-END MARKET REPORT

2021 YEAR-END MARKET REPORT

Extreme buyer demand combined with low inventory in the spring of last year to create bidding wars that drove average price from $256k in January to $319k by June. The market settled over the second half of the year as the arrival of fresh listings…

December ’21 Market Report

December ’21 Market Report

Low inventory continues to plague most of our markets with active inventory tight and demand relatively strong. Rising sale prices should continue in 2022, but the rate of rise will be slower than last year as higher price and interest rates combine restrict affordability that…

November ’21 Market Report

November ’21 Market Report

Although extreme buyer competition and multiple offers caused sales and prices to peak midyear, monthly new pendings/ABOs and price per square foot have held relatively level for this time of the year. In markets where numbers are declining, it’s often due to a lack of…

October ’21 Market Report

October ’21 Market Report

Listing inventory continues to rise. The extreme demand and buyer competition seen in the spring, while still seasonally strong, has been normalizing. Showing activity in the past month has been up 5% compared to last year and 26% compared to 2019. In the upper-end markets,…

September ’21 Market Report

September ’21 Market Report

Inventory is rising and although monthly new pendings remain strong, sales are leveling. The extreme demand we’ve experienced is cooling down as so many of the buyers who came into the market over the past fifteen months have by now made it to the closing…

August ’21 Market Report

August ’21 Market Report

Many of your markets are showing signs of growing inventory and longer market times. We have seen depleted inventory for an extended period which has caused buyers to act fast. Supply levels have likely bottomed and are back on the rise. The market with its…

July ’21 Market Report

July ’21 Market Report

The market showed signs of slowing down earlier and longer for the 4th of July holiday. With the help of fresh new listings, it is back on track with weekly new pendings and closed sales outpacing 2019 and running close to last year’s big bounce numbers…

June ’21 Market Report

June ’21 Market Report

While monitoring weekly showings, new pendings and closed sales activity we’re seeing early signs that the sizzling hot spring markets are dialing down that heat. As society reopens to a new post-normal, buyers who have been hyper focused on buying homes, suddenly have graduation parties,…