Buy Now or Pay MORE in 2022? Should You Wait?!🏡

In the past month the market has overall remained steady. Compared to 2020, single family home sales have risen and sales of all property types have risen The market continues to show strength as we enter the Fall season, which is traditionally is a slower season for us all. We are currently on track for a record breaking year!

What’s Going On In The Market:

– Single-family home average price increased 13.4% to $372,408

– Days on market went from 51 days last year to 29 days this year

– 1.8 months of inventory, which is down from 2.4 months last year

– Single-family lease homes rose 8.2%, while the average rent for single-family homes rose 9%

– Although we are on track for a record breaking season, higher home prices and higher interest rates could impact buyer demand in the future months!