Our market at a glance:
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The average days on market for listings was 54 days.
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Median sold price was $1,425,000.
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Median cost per square foot was $569.00.
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As of this day, the number of active listings for sale in our market is 6.
Homes under construction in Willowcroft Manor and/or Wilder Lane are not included in the Days on Market data.
The Impact of Rising Rates on Home Prices
Changes when mortgage rates increase by more than 1%
Tips for the month:
Three Things We Know About This Spring
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Mortgage Rates will Continue to Climb
If you’re a first-time buyer or a seller thinking of moving to a home that better fits your needs, realize that waiting will likely mean you’ll pay a higher mortgage rate on your purchase.
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Housing Inventory will Increase
If you’re a Buyer, there might be relief for your this Spring. If you’re a Seller, waiting to list could mean more competition.
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Home Prices will Rise
Demand is still outpacing the increase we have seen in supply.