Quick Stats:🔑 594 New Listings📊 61 Average Days on the Market🏡 388 Sold Homes💰 $299k Average Sales Price
December 2022, Housing Report
Dated: February 15 2023
December 2022 Market Report: Monroe County
🔑 299 New Listings
📊 53 Average days on the Market
🏡 188 Sold Homes
💰 294k Average Sales Price
Here are my December Housing statistics for Monroe County. They are a little overdue! I still wanted to deliver them to you. January statistics will be just right around the corner lol. We are continuing to see a stabilization in our market. That average time spent on the market is going to continue to stretch out over time. It's not a “what's wrong with the home” scenario. It's a “where are all of our qualified buyers at?” situation. No, seriously where are you guys?
There are so many beautiful homes sitting lonely waiting for new homeowners to snatch them up! Will you adopt one today? The frenzied days are over. Homes are sitting, collecting dust and sellers are getting a bit worried. They aren't the only ones who have been shaken. Buyers when running for the hills when the rates skyrocketed. They were spoiled with stimulus checks and outrageous low rates of 2-3%. Now that the rates have rested at 5%, buyers are still leary. Still waiting for a second coming.
As fewer homes enter the market, inventory is still at a record low, keeping demand high. So if you have been sitting on the sidelines waiting for a crash or interest rates to drop, I'm afraid your strategy only priced you out of the market. Buyers who I worked with a few years ago and were too afraid to pull the trigger cannot compete today.
It is really mind-blowing how quickly the market can change. You can allow your emotions to be your ruling force when it comes to entering real estate. You have to look at the numbers, do your due diligence, and work with trusted professionals. If you want to sell or buy in today's market, but need assistance, please allow me to help you. I can take the guesswork out of the equation and get you on the right path.
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Jennifer Mazzell was born and raised in New York. Her passion for art and education led her to a teaching career for nearly 20 years. Jennifer also ran an art studio for 5 years. After the birth....