September Market Stats Are In..Should We Worry?

September Market Numbers Are Out..Not What We Were Expecting

September was a month full of fear, uncertainty, and doubt aka FUD throughout markets across the world. Between interest rate hikes, to war in the east, we are getting whacked with more and more FUD every day. 

Let's take a look at the month over month numbers to see how it affected us here in our local market. Remember, real estate is very LOCALIZED.

September Data 2022:

• Average Closed Price is up from $534,257 to $539,406

• Number of New Listings Remained Fairly Flat, Only Down by 200 Listings 

• Months of Inventory Came Up From Just 2.9 Months to 3.5 Months 

• Total Days On Market Went From 16 to 18 Days

Let's digest this. Like we have talked about week after week. Chicken little is not making an appearance, the sky is not falling. Average closed pricing actually ticked up, very nominally but still holding steady. Number of new listings is hanging in there as well. Inventory is ticking up. We have talked about this, we were rocking such low inventory levels for the past 18 months, it was unsustainable. This is healthy for all sides. Especially our buyers, this means more choices, more time, and best of yet CONTINGENCIES ARE BACK BABY!

 Looking for the hardest working agent in the Metro Atlanta area?

Call/ Text Carson Hulak 404-680-0710

Thank you for your valuable time today

 As always, I really look forward to working with you now or down the road..

 -Carson