MAY 2022 Market Reports

UPDATE: May 2022 Monthly Market Trends

May 2022 sale prices are higher than 2021. 16.77% higher average sales price in 2022 over 2021

May 2022 Market Trend Report

The May 2022 numbers are now and and the trend continues – May 2022 sale prices are higher than 2021. 16.77% higher average sales price in 2022 over 2021 – to be exact. But wait – the news keeps saying the market is slowing down….why? 2 reasons: 1.) As we look at these numbers- this data is from May not yesterday – that is how trend reporting works. That said the market continues to show good strong numbers – however time on the market has lengthened since Jan 2022. Instead of 5 days on market, the trend has been more like 15 days on market. That still places the market in a solid seller’s market, but it is bit more price and amenity specific than it has been in the past. For instance a waterfront property may attract multiple – over list bids, while a more “typical” house that is in a similar price range but not on water, might see their marketing days before the offer(s) come in would be longer than their neighbors who sold last year. Yet the house will most likely still sell higher than their neighbors – see how that works? Bottomline: numbers continue to trend up and buyers continue to want to buy houses. 2.) So the second reason the numbers are not 100% lining up with the news: we don’t sell online ads 😉 Let’s face it the news has to keep you interested 🙂

Selling prices, continue to be ABOVE list prices:

Check out the full report here:

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