8.27.22 Market Update
Today's singular closing reflected recent adjustments with 20 days on the market and a sales price that was 80.5% of the original listing price.
Today's singular closing reflected recent adjustments with 20 days on the market and a sales price that was 80.5% of the original listing price.
4 active listings had a median $/sqft beneath $180, despite 7 closings bringing $201.61/sqft.
A new price reduction in Nichols Park on this rainy Monday afternoon.
Despite an increased median-days on market for 5 new closings, sales prices remained consistent with Q1 and Q2 of 2022. The closing on Milner in S-Irving closed at $254.24/sqft!
Active listings reflect a recent trend of decreasing prices as median $/sqft came in at $176.89.
Closings today saw a median $/sqft drop to $183.10. Are we in for a correction this significant in Q3 and Q4?
A closing on Dartmouth Dr. keeps the momentum going in the Windhaven/Cardinal Village areas.