January 2023 Market Update
The shift is here, brought on by rising interest rates and an uptick in inventory.
As average days on market increases, list to sale price ratios fall and inventory soars, there is mounting evidence that the real estate market is shifting right before our eyes.
2023 stands to be a year of change for sellers & buyers. If you're thinking about selling your home, being aware of the current & historical trends will help you better understand the strength of the market. This knowledge will help you to make an informed decision about listing your home.
Our monthly market update showcases everything you need to know about local real estate trends over the last month.