January is not usually a very busy time for real estate, but as you can see in the following Snaps, there is still activity! 2022 started off extremely busy with the average sale prices much higher than it is now. Prices have come down as the interest rates have gone up. Typically January is slower due to the weather, but most of this January was warm and without snow, so we’re seeing Buyers and Sellers making moves. Homes for sale are sitting longer on the market now and we’re not seeing many multiple offer situations.

Winter is a good time to buy as you won’t have as much competition. So if you’re thinking of Buying or Selling this year, contact us soon so we can get the process started and help support you before the Spring Market starts up!

January 2023 Market Update