- For Late September 2022 -

Balancing Market Remains Strong Despite Low Inventory

  • Sales are lower than in 2021, but when compared to a normal year (2019), they’re still up
  • Prices are steadily increasing as inventory remains historically low
  • Interest rates have risen to 6.75% and we don’t expect them to drop anytime soon
  • Those with low interest rates are staying put so there are fewer homes available
  • Sellers: Less inventory than in normal times, so still a great time to sell
  • Buyers: It’s a better time to buy as the market continues to balance

As we enter the fall selling season, our market continues to balance. While headlines may be focused on how single-family home sales are down compared to the unprecedented sales…

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