GREG'S MARKET REPORT SEPTEMBER 2022

This month’s momentum meter shows a dramatic swing from a balanced market to a buyer’s market. While one month does not constitute a trend, it will be interesting to see next months stats as the previous 3 months have been moving in the same direction. Sales were way down from 67 units in August to 49 units in September while inventory rose from 297 to 311. Increased interest rates, market uncertainty, inflation, and the change from Summer vacation to Fall and school where major factors in the month of September.

GREG'S MARKET REPORT SEPTEMBER 2022
GREG'S MARKET REPORT SEPTEMBER 2022
Seller’s market = four months of inventory or less.
Balanced market = four to six months of inventory.
Buyer’s market = six months or more of inventory.
If 100 active listings are available, and 10 homes sold in the most recent month, then there is approximately 10 months of housing inventory for buyers to choose from.
Let me know how I can assist you.

GET IN TOUCH

By providing Kumara Wilcoxon* your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.

Team Green

Want to join our monthly newsletter? Stay Updated on the Market!

Contact Us