Our Real Estate Update May 2023
Posted on Jun 13, 2023
In May, the housing market continued its upward trajectory, displaying an impressive rally in home prices. The average price surged by $42,832, marking the second consecutive month of substantial gains exceeding $40,000. This surge is particularly noteworthy when compared to the market bottom observed in January, where properties were selling at an...
Our Real Estate Update April 2023
Posted on May 19, 2023
The real estate market is experiencing a surge in demand that is not being met by the limited inventory available. This has led to intense competition amongst buyers, resulting in properties selling quickly and often above the asking price. As a result, the average sale price of homes has increased across all market segments.
The average home sale p...
Our Real Estate Update March 2023
Posted on Apr 10, 2023
Springtime has arrived for the housing market, where sales prices are trending upward once again. The interest rate environment has stabilized, and previously sidelined buyers have released their pent-up demand on the market, creating a shortage of inventory. The housing market has been able to withstand a rapidly rising interest rate environment w...
Our Real Estate Update February 2023
Posted on Mar 10, 2023
During the month of February, the housing market experienced a noticeable revival, characterized by a surge in property values across all asset classes. Notably, the average sales price for all property types increased by 5.4% when compared with January's data, culminating in a February average sales price of $1,095,617.
The Positive February data...
Our Real Estate Update January 2023
Posted on Feb 07, 2023
Our Real Estate Update December 2022
Posted on Jan 06, 2023