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August Home Statistics
For August, sold homes were down 16% from last year, with decreases in existing and new construction sales. For the first time in a while, the median sales price was down less than a percent to $270,000, while the average price was up 3% over last year at $329,755. Days on market increased 21% to…
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July Home Sale Statistics
For July, single-family home sales were down 10% to 252 sold homes. For the seven months of 2022, home sales are down 10% year over year. Compared to 2019, sales are down 1.5%. In a recent presentation by the National Association of REALTORS®, Chief Economist Lawrence Yun, revised his predictions for 2022 for a 13%…
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Are home values staying strong?
Existing home sales decreased 5.4% in June, lowering to 4.57 million homes sold year over year. Thats a pretty significant decrease when comparing to last years 5.24 million homes sold (YOY) In June 2021. However, when comparing to the 2019 pre-pandemic levels of 4.765 million existing homes sold, we are relatively level with the strong…
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When is the best time to sell?
When you aren’t feeling the pressure to move quickly! Over the years, I have noticed that my clients who make the most financially savvy decisions while negotiating, are the same people who set themselves up to make decisions based on market conditions, rather than decisions to relieve stress. So, the next time you’re thinking of…
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June Market Statisitics
Single-family home sales declined 15% in June to 297 closed sales. This puts sales down 10% for the first half of 2022 compared to 2021. Prices continue to escalate, with the average price up 12% to $344,440 and the median up 13% to $398,900. Days on market are down to 8 days. However, homes that…
