December 2022Monthly Newsletter December 26, 2022

Home sales continue to decline in November

The housing market has cooled off in November with sales down by 36.8% compared to the same period last year. There was a total of 144 units sold in November compared to the 228 units sold in November 2021.

There were only 184 new listings added in November 2022, down 6.6% compared to the 197 listings in November 2021. The benchmark price of houses went up by 8.8% at $275,100.

In a low-inventory market, it’s the best time to sell your house.

Feel free to reach out anytime for any real estate questions.