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...
by NICK DIPASQUALE | Jan 7, 2023 | Market Update
market insights Average close price fell 3% from November as buyer activity slowed over the holidays and homes were on the market 26% longer While active inventory saw a 24% drop from the previous month, it is up 222% from the record low at this time last year ...
by NICK DIPASQUALE | Dec 5, 2022 | Market Update
market insights Home prices held strong and remained relatively flat, despite a seasonal slowdown with inventory down 14% and days on market up 21% Still working through both sides of a market adjustment, average list price held relatively flat while homes closed...
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