September 2024 Housing Market Update

September Market Update

What's been going on with the housing market?

In September, we had 119 active listings in Belknap County, with 14 single family homes sold.  The average price of homes sold was $516k.  The best part?  The average time on the market was just 3 days – and the longest was only 8 days.  Some homes are flying off the market faster than fall leaves!  And the key to that?  Pricing your home right.

Does this mean it's a good time to buy or sell?

Everyone’s situation is different, so this is something that we can discuss together if you are unsure.  Inventory is low in certain markets, still making them hot commodities.  The rise in prices that we saw over the past couple of years has scared some buyers, but if you also have a home to sell, that increase is irrelevant.  Interest rates have come down a bit, making loans a little more realistic.

The important thing right now is knowing how to price your home in this market.  For a free home evaluation, fill out the form below!

What’s Your Home Worth?

Home values in your neighborhood have changed. See What Your Home Is Worth Today!

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Christine Johnson

I'm Christine Johnson, your favorite Lakes Region real estate agent and I look forward to helping you on your next endeavor. Follow me on Facebook, Instagram and YouTube using the links below.

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