The numbers for September are now in – so how does this year compare to last year?
- The upward trend for appreciation in overall home price continues. On average the September 2022 is up 8.71% over that of 2021.
- Average days on market is up 7+ days over that of last year at an average of 18 days on the market vs 11 days on market. Still WELL within the definition of a HOT Market…. we covered these definitions in our earlier blog post.
- Many homes continue to sell over list price. Both 2021 and 2022 have shown this to be true, but we are seeing them be closer to 102.2% over list in 2022 vs 103.4% in 2021. This trend may continue, but the bottom line in this number is that the trend continues for a strong market; different than 2021 and expectations need to be adjusted, but still strong.
You can view the full report here: