Bookmark this page and follow the numbers for the last 5 years.

Single Family Homes Median Sales Price-  over the last 5 years, we can see that prices in our market have never really dropped. But you can see that right about mid 2020, right in the beginning of the pandemic, prices start to move up more quickly. This chart shows you when the market went wild. Now the prices have leveled off, but some home prices are moving down. 

The List-to-Sell Ratio shows how the average listing price for a home compares to the closing price. Hovering over the lines you can trace the fall. The percentage is what the seller takes home at closing. 

The Average Days on Market was much lower five years ago, but today it has risen. Because fewer people are competing for homes, buyers know they have time to look at many homes before making a decision. Hover over the chart to see the numbers. 

We have continued to see the price per square foot move up each year. In the last few months, prices are leveling out a bit, or coming down slowly.

How many showings does it take to get an offer? 5 years ago it was just a lot. Now, however, we are having fewer visits. This may be because higher interest rates have left more buyers out of the market, or buyers are more decisive today. We aren’t sure.

Hover over the chart to see the changes.

A Balanced Market? We are now in a buyer’s market. It is hard to determine how long it will take to get balanced. A 6 month supply of homes is considered to be balanced. Anything less is a seller’s market and anything more is a buyer’s market. Hover the chart to see where we are at any given time in the last 5 years.

Confused about where this leaves you in this market? Give us a call at (828)553-5190