by NICK DIPASQUALE | Jul 7, 2023 | Market Update
market highlights While average close price surpassed $700k for the first time since last June, prices are buoyed in the current market by low inventory & high demand Another 9% monthly increase in new listings could not satisfy that buyer demand as months of...
by NICK DIPASQUALE | Jun 10, 2023 | Market Update
market highlights Market is in a weird place as many homeowners locked into a low rate are reluctant to sell; buyers are being more selective even with less options Despite a 9% increase in new listings, months of inventory (MOI) held steady at 0.8 as buyer demand...
by NICK DIPASQUALE | May 4, 2023 | Market Update
market highlights Buyer demand remains high as average close price was up another 2.6% to $682,061 & median days on market dropped from 10 to 7 days Inventory did not keep pace as new listings were down 7% after a 47% bump in March, leaving us with under 1...
by NICK DIPASQUALE | Apr 7, 2023 | Market Update
market insights Sellers listed more homes (up 47%), saw their homes go under contract faster (median down to 10 days from 25) & did less price reductions (down to 37%) Buyers, aided by a slight dip in the 30-yr fixed mortgage rate, were ready to pounce but...
by NICK DIPASQUALE | Mar 3, 2023 | Market Update
market insights Buyers are back, causing a bump in average close price (up 5%) & homes under contract (up 19%), while median days on market is down 9 days (26%) Despite increased listing activity (up 21%) & month-end inventory 3x higher than this time last...
by NICK DIPASQUALE | Feb 3, 2023 | Market Update
market insights Average close price fell slightly from December (1.5%) but was 3% ahead of January 2022 as buyers and sellers jumped back into the market Like the start of last year, the January market gained momentum each week as we saw an increase of 65% new...
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