Updates about our local market that every buyer and seller should know.
National news has relentlessly spread negative headlines about the housing market to catch people’s attention. However, you have to remember that real estate is local. That’s why I’m sharing some critical market indicators to give you an update on what’s really happening with our local market.
Feel free to watch the full video above or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
0:57 — New listings
1:07 — Active listings
1:15 — Pending sales
1:21 — Traditionally, the market is slow this time of year
1:40 — Average price per square foot
1:48 — Days on market
2:16 — Months of inventory
2:45 — Homes priced below $200,000
3:08 — Homes priced between $200,000 to $500,000
3:33 — Homes priced over $500,000
4:55 — The market will continue to have a shortage of homes
5:28 — You need to be strategic if you want to sell your home
6:02 — We’re still in a seller’s market
If you have questions about this topic or anything real estate related, call or email me. I’m always happy to help!
