Market Report January 2023

Market Report: Janary 2023

Housingwire offers this perspective.…

“The red-hot housing market of the past 2 ½ years was characterized by sub-three percent mortgage rates, fast-paced bidding wars and record-low inventory. But more recently, market conditions have done an about-face. . . . now is the opportunity for everyone to become re-educated about what a ‘typical’ housing market looks like.”

If you’re thinking about buying or selling in the next 12 months, now is the time to get a plan in place. understand the financial and logistical complexity of a move. We sold our home with twin toddlers, so I know firsthand how important it is to have a trusted partner to help manage the details while you stay focused on keeping your daily life on the rails. That’s why I’ve made it my mission to provide my clients with the knowledge and tools needed to prepare themselves for this transition. And thanks to a proven process that works, I’ve had the pleasure of helping 100’s of clients over the past 16 years to get the results they deserve so that they can move on to their next chapter with ease.

 

Real Estate Market Highlights:   (Sumner Co.)

Single-Family

Home Stats

2022 YTD 2023 YTD 2022 vs.

2023

Analysis
         
Average Sales Price $467K $506K We are seeing home prices reductions everywhere. This is a good thing. The market is normalizing.
Days on Market 5 13 Days on market to UNDEr CONTRACT has gone from weeks to  poss. A month. Be Patient!
Average.Price Per Sq. Foot $203 $213 Cost to build is increasing but builders are offering incentives. We slowly seeing a decline since June 2022

SimpliHOM Realty OFFICE: 855-856-9466 Website: AmberCarlson.Com Lic#306652