Daily Archives: September 3, 2022

If you’re a homeowner or are planning to become one soon, you’re probably looking for clear information about today’s housing market.

One of the biggest questions people are asking right now is: what’s happening with home prices?

One of the top stories in recent real estate headlines was the intensity and frequency of bidding wars.

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country.

Some Highlights

• While buyer demand has moderated and housing supply has grown in recent months, it’s still a sellers’ market because inventory is low.
• The latest data shows sellers continue to benefit from serious buyers and competitive offers. In July, the average home received 2.8 offers and 39% sold over the asking price.
• You haven’t missed your opportunity to sell. Work with a real estate professional to start the process today.