The Market Numbers You Need To Know
These are the January numbers from our market that you should know.
Welcome to our recap of the January 2022 real estate market stats for homebuyers and sellers. If you’re a seller, I’m going to guess that you’re interested in the average sale price. Over the last six months, it has hovered right around the $360,000 range after peaking at around $400,000 last June. We have seen a 10% adjustment, but that adjustment has been stable.
You might also be wondering how much inventory we have. There is just 1.1 months’ worth of inventory right now, which keeps us in a strong seller’s market.
With such low inventory, things are a little more difficult for homebuyers.
The average price has flattened out, but what about the list-to-sale price ratio? Right now, sellers are getting 97.4% of their list price on average. This peaked at 100% last June. The average days on market has increased from a valley of 35 in August to 61 days in January.
Homes are taking slightly longer to sell, and price growth has slowed down a bit. However, we’re still seeing multiple offers, and we’re still in a strong seller's market.
If you have questions about today’s market, what you need to do to successfully buy or sell, or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.