We have a new housing market update for August 2022. We’ll be taking a look at July 2022 and comparing the numbers to the previous five year averages.
We’re seeing continued trends. The median sales price and the average sales price are mostly increasing. At the same time, the housing inventory and the months are starting to slowly increase.
So, what does this mean for you?
If you’re a buyer, make sure you understand it’s still a competitive market – meaning there’s limited supply and its important to act if you find a home you love. If you’re a seller, price your home competitively to attract more buyers and hopefully more offers as a result.
Thank you for reading!