The latest numbers for our changing local real estate market.

Today I’ll give you an update on our local market. All these numbers are from August 2022, and going forward, I’ll start sharing the latest data every month so you can see what’s happening in our market. 

What’s been going on this past month? Honestly, it’s good news. Most buyers and sellers feel like they’ve missed the boat. We might not be getting as many multiple-offer situations, but home values are still increasing. 

At 1:04 in the video, you can see the stats for our 13-County metro area. The average sales price has increased about 5% since 2021 to $432,456, but keep in mind that this is an average. This market shift started back in June or July, and values have still increased since then. The ratio of list to sales price has decreased by 2.4%. That means we aren’t getting as many offers over list price, but we are still seeing some. 

You can get a copy of these numbers at this link. If you have any questions, feel free to call or email me. I’d love to hear from you.