Category: Market Reports

For the second straight month, we saw more sales year over year on a monthly basis. August 2023 had 65 sales in the area, compared with 52 in 2022, which is also more than any year from 2008 through 2015. Buyers remain quite cautious and more patient than they were the past couple of years- […]

52 properties sold last month, totaling $44.2M. This was the first time in several months that there were more sales than there were in 2022 (44). Of course, that isn’t surprising since it was a little over a year ago that interest rates began rising and slowed down the real estate market (along with low […]

52 properties sold last month, totaling $53.8M. Dollar wise, that slightly exceeds the $53.5M from June last year (although with 61 sales). Perhaps the best description for the market remains “unsettled”. Some properties are receiving multiple offers shortly after being listed, while there are others that I consider a pretty good deal that have been […]

35 properties closed in June 2023- far below the number of transactions the past 2 years but also similar to the volume seen in the early ’10s. Inventory finally started to increase, as it typically does at this time of year. The big question will be if all of that new inventory quickly sells/ goes […]

April 2023 once again saw far fewer sales than the same month in the past two years, but at the same time it was near the same level as 2019 and other previous years. As I’ve been mentioning for several market updates, extremely low inventory continues to be a primary reason, along with higher interest […]