With the holidays approaching, we experienced the typical slowdown in activity last month. Shifts that support our progress towards a more balanced market (stats provided by DMAR).
Inventory: True to the season, some sellers pulled their homes off the market for the holidays. 6,200 homes is 178% more inventory than we had this time last year!
Days On The Market: No surprise - properties stayed on the market longer. Considering the average was only 15 days for November 2021, this is a significant sign our market is stabilizing.
Sales Price: Our sales pricing remains strong. It’s only 4% higher than this time last year.
Buyers, you CAN be under contract with a new home before 2023. Sellers are motivated to close on their homes. You can negotiate to move after the new year.
Looking at the stats that led to an incredibly intense January 2022, we know next January will be different. We expect 2023 to become a more stable market for buyers and sellers. So let’s start discussing your goals for next year to ensure you don’t miss an opportunity to move forward when the time is right. Text, email, or call me at 303.912.5394 or [email protected].