March 2022 Stats
The statistics are a comparison of March 2021 and March 2022.
The chart below indicates:
Home sales are DOWN 11% from last year at this time.
The average sold price for a single family home INCREASED 21%
The average days on market is Unchanged at 4 Days.
The amount of available inventory is at 1 WEEK / Unchanged.
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This all leads to more and more competition among buyers. The average home price Continues to RISE, with NO sign of it slowing down.
Interest rates are Rising!!
As a Buyer. It is very important to BUY before the next Interest Rate Increase !!
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You should own that HOME and STOP throwing your money out the window on rent!!
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It’s a really good time to sell!
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