Closing up the Summer Market!

As summer winds down and many families have settled into their new home ahead of the school year, let's take a look at the trends of this year's market activity compared to 2022.

Single Family Homes:

Average Sold List Price shows a $42,047 increase.
Average Sold Days on Market shows a 36 day increase.
Average Sold List Price/Square Ft. shows a $13 increase.
Average Sold Days to Offer shows a 7 day increase.
Inventory shows a 12,778 decrease.

What will this mean for the upcoming Fall Market?!

Will we see more inventory as Sellers look to continue to capitalize on higher sale prices? Will we see Buyers push their negotiating power around in a continued upward trend of longer days until they make an offer and extend days on market?

Whether you need to sell, want to sell, or are looking for your first or forever home, contact our Team to assist making your transaction data in the upcoming fall market report!

Back

TEAM TREMBLAY TIPS

Choose a REALTOR®!

All REALTORS® are Licensed Real Estate Agents, but not all Licensed Real Estate Agents are REALTORS®.

REALTOR® means competent, honest, fair and of high integrity. REALTORS® are guided by the Golden Rule, " Whatsoever ye would that others should do to you, do ye even so to them."

REALTORS® recognize that the interests of the nation and its citizens require the highest and best use of the land and the widest distribution of land ownership. They require the creation of adequate housing, the building of functioning cities, the development of productive industries and farms, and the preservation of a healthful environment.

Click here to learn more about the National Association of REALTORS®(NAR) Code of Ethics and Standards of Practice.

Team Tremblay has pledged to adhere to the NAR Code of Ethics and Standards when representing all of Buyers and Sellers, past, present and future.