July 2022 Newsletter
Market News: 16 homes sold in Countryside/Walnut Grove/Crown Point in June 2022, ranging in price from $460,000-$899,000. These sale prices reflect an average of 5% over the list price with 1 as high as 15% over asking. Only 1 home sold below list price, 2 homes sold at list price and 3 homes came off the market without selling.
On July 1, 18 homes were actively for sale. Prices range from $516,000 to $788,000 and homes are staying on the market longer. It is important to note that 1 of these homes has been on the market for more than 90 days. Only 3 homes were under contract on July 1 having spent an average of 13 days on the market.
The Federal Reserve announced earlier this year that interest rates would increase 7 times in 2022 and the 4th rate increased is expected in July. Fewer buyers are making offers, resulting in fewer price wars and homes staying on the market longer. This is actually a good time to buy and still a decent time to sell. Ask me how I can help you buy and/or sell your home during this shifted market!
Click here to view Homes For Sale in Westminster and surrounding area
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