06/13/2023
🌥️ May Market Update 💐
It's pretty wild that we're almost halfway into 2023!! In typical housing market fashion during the late spring, we have seen increased prices and number of closed sales. While inventory is up 20% since last month, we're still down about 40% compared to last year. This past month, we've also seen slightly decreased time on market.
As a buyer, this means you have more options for what's on the market but might have to act fast and make a higher offer to get the home. As a seller, you can feel confident with the steady price increases over the last few months - and over asking offers - that, when marketed and prepared well, you can get top dollar for your home.
Note that these are only averages across the entire county and home types! The data drastically varies based on location, how the home is marketed, and how the home is priced. Want an analysis of a specific area? Any other market questions? Let me know! 📨