Pre Halloween Market Check Up!
Market Check Up Time!
As you can see from the above graphs, the market is cooling down after the hottest summer (figuratively) in history. Sold to List Ratio (which measures sale price to initial list price) is creeping down toward 100% by Sept 21, and Days on Market starting ever so slightly to edge north around 25 days.
Interestingly, list prices continue to climb, but I think that will level off after more listings come to market, which as you can see by the first graph, Number of Listings, has declined to approximately 4k. When that number increases, cumulative list prices will decrease and days on market will increase slightly.
If you are considering a move, getting ahead of the Spring Market is paramount! If we can guide you in any way, you know where we are!
Until next week!