Market Trends

JUST RELEASED: LOCAL MARKET UPDATE | MAY 2022

Housing data released by the MIBOR BLC® comparing May 2021 to May 2022 shows:

An increase in Median Sales Price of 12.8 % to $287,625
A decrease in Closed Sales of 2.9 % to 3,336
New Listings increase 6.1 % to 4,217

Despite the rise in prices, Buyers remain eager to purchase homes. Inventory is better (though still tight) and decreasing days on market make this an extremely competitive market. Make sure you have a trusted advisor by your side.

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Just Released: Local Market Update | April 2022

Housing data released by the MIBOR BLC® comparing April 2021 to April 2022 shows:

An increase in Median Sales Price of 15.5 percent to $275,000
A decrease in Closed Sales of 3.6 percent to 2,987
New Listings decreased 5.8 percent to 3,870

This data is proof that although inventory is still low, demand remains high. In this market, things are moving quickly, and Buyers and Sellers need an Experienced Agent to guide them through these times. Unfortunately, You don’t know what you don’t know. Don’t be fooled by a “fast talker.”

EXPERIENCE DOES MATTER.

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Is the Housing Inventory About to Rise?

I am not telling you anything new. Housing inventory has been at a record low. Of course, that’s been great for homeowners who want to sell HIGH. Though for the Buyer, it has been challenging to view affordably-priced properties.

I believe A SHIFT IS ON THE HORIZON. Here’s what I am seeing :

Accordingly to a survey of prospective sellers, about two-thirds of homeowners who plan to sell their home this year expect to list by the end of the summer
For many people, life has now returned to normal. As a result, we are seeing a more traditional 2022 busy season, in which home inventory surges during late spring and summer
At the same time, as sellers are preparing to list their properties; buyers are beginning to explore non-traditional lending options to deal with the increased mortgage rates
And lastly, More homes are being built

Give me a call at (317) 625-0655 to talk through your specifics. It is possible to get you in a new home this year!