Single Family Listings: 48

Avg. Liv. Area SqFt: 2807.9 

Avg. List $: $945,360

Avg. List $/SqFt: $349

Avg. DOM: 18.08 

Avg. DTO: 8.31 

Avg. Sale $: $972,524

Avg. Sale $/SqFt: $359

Despite the rise in Mortgage rates, buyers are bidding up prices … for now. But as inventory creeps up and more buyers feel the impact of higher mortgage rates, prices may level off.  If you are thinking about selling to maximize your net profit, message me for a free local market analysis to see how much your property is worth today!

Days on market has not moved from last month’s historical low of 14 days. However, offers over asking have been falling since April, from 5.5 offers per listing to 2.8. So buyers may have less competition, but they are still acting quickly! If you are ready to move, we can make it happen fast to take advantage while the market is in the seller’s favor.

While inventory remains historically low, it is steadily increasing.  If you are qualified to buy, this additional inventory means you have more to choose from before prices—and mortgage rates!— prices—and mortgage rates!—go any higher. Message me to learn about the buying opportunities in our area.