01/08/2022
MARKET TRENDS > December 2021 held this market's feet to the fire. Typically December sees less activity than months earlier in the year. This December, we saw a steep decline in new listings, down 29.09% from November, continuing with high buyer demand. This supply/demand pushed the median sale price in December to match our peak for the year, which occurred in June at $545,000, 19.78% higher than the median price in December 2020. We started January 2022 with the lowest number of active listings on record, 1,477 -> 41.87% less than January 2021. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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So, how to tackle this market...⠀⠀⠀⠀⠀⠀⠀⠀⠀
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For sellers – going into this year, demand will remain high; buyers are paying top dollar and seeking out homes that have had nicely done remodels and need very little work. Preparing your home will pay dividends when you hit the market.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Buyers – need to stay competitive with appraisal gaps, limited inspections, and tight closing timelines. I recommend having all your finances and taxes worked out early in the year so you can make aggressive, strategic moves when the right property arrives. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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#2019