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2023

Market Insights

Latest Issue — Q4 2022 Report

A mESSAGE FROM OUR CEO

2023. Will it end as it began?

Last year saw quite a change in the real estate market. It began on the heels of 2021, with record sales and incredibly low mortgage interest rates. But all that changed in 2022. Find out where we are now and what we can expect in 2023.

Larry Flick V

Chief Executive Officer

No

– By The Numbers –
Q3 2022 compared to Q3 2021

-4.6%
Home Sales
-1.11%
Number of Houses for Sale
-10.98%
Pending Sales
+11.6%
Average Sale Price
-8.9%
Home Sales
-13.97%
Pending Sales
-16.79%
Number of Houses for Sale
+13.6%
Average Sale Price
-3.4%
Home Sales
-13.45%
Pending Sales
-17.73%
Number of Houses for Sale
+4.5%
Average Sale Price
Even
Home Sales
-9.8%
Number of Houses for Sale
-8.48%
Pending Sales
+5.8%
Average Sale Price
-8.2%
Home Sales
-25.55%
Pending Sales
-41.19%
Number of Houses for Sale
+2.5%
Average Sale Price
+5.2%
Home Sales
Even
Number of Houses for Sale
-2.75%
Pending Sales
+3.2%
Average Sale Price
+2%
Home Sales
-18.23%
Number of Houses for Sale
-4.11%
Pending Sales
+17.6%
Average Sale Price
-14.3%
Home Sales
-22.34%
Number of Houses for Sale
-18.17%
Pending Sales
+11.1%
Average Sale Price
-22.8%
Homes Sold
-7.68%
Number of Homes for Sale
-25.8%
Pending Sales
+10.6%
Average Sale Price
-11%
Houses Sold
-14.6%
Pending Sales
+1.3%
Number of Houses for Sale
+8%
Average Sale Price
38%
Decrease in home sales
5.11%
Average mortgage rate (30-year fixed)
44%
Decrease in inventory
6.9%
Increase in average sales price
11.5%
Increase in home sales
3.2%
Average mortgage rate (30-year fixed)
18.6%
Decrease in inventory
9.5%
Increase in average sales price
18%
Increase in home sales
3.05%
Average mortgage rate (30-year fixed)
8%
Decrease in inventory
6.74%
Increase in average sales price
31%
Increase in home sales
3.00%
Average mortgage rate (30-year fixed)
33%
Decrease in inventory
18%
Increase in average sales price

The reports

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