10/03/2021
Happy October!! I hope everyone has had a wonderful weekend, and is enjoying a day of rest and football ๐
How is the Market looking?
With a new quarter starting, it is still looking hot in the real estate market. If you notice, these are the stats for the month of September. I went back and took a look at last yearโs Septemberโs numbers, and this is what I foundโฆ
Sold (Residential)- 250
Median Sales Price- $486,500
Average Days on Market- 60
This means that there has been a 16.8% decrease in total number of sold properties since last year, BUT homes are selling 35% faster AND for a significantly higher price (10.3% increase). So as of right now, it is looking fantastic. One thing to keep in mind though, mortgage rates are starting to creep up slowly. They are around 3.125%, and were recently under 3%. So, if you are someone looking to take advantage of a peak market while the rates are still fairly low, I would take this into consideration.
Hopefully this was helpful in some way. If there are some more specific things you would like to know, comment below or shoot me a message.