This market calls for weekly updates.

Last Weeks Stats:

Average Sold Price: $1,211,111

Average %Difference List Price vs Sale Price: 114%

Average Days on Market: 11

This is what the Spring market looks like!

So happy to see more homes come available! I hope this will start to satisfy all the wild demand. And hopefully lead to the reduction of unsustainable prices on offer nights! 

Prices are still at their peak!  Demand is strong but inventory is increasing. The most common sale strategy is still holding offers, Offer Nights and bidding wars with 5+ offers on local properties.  Not everything sells however, greed does occasionally get the better of some sellers.  Also, some sellers are bucking the trend, listing at “market value” and hoping for the best.  I’ve witnessed this fail a few times recently. 

It is still a great time to sell.  Prices are at an all time high, demand is strong, but active listings are climbing.  If you know anyone considering selling, have them contact me to discuss this opportunity. 

If you’re buying, tides might be turning! Stay strong and stick to your goals!  My hope is that as spring comes and interest rates start to go up then hopefully demand will start to go down. 

Please let me know if I can help in anyway, I’m here to serve.

Be safe and be well!