Antelope Housing Market Data for October 2022
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Median Housing Market Data
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Home prices have been trending downward in the last few months. Antelope housing prices are down 👇 4%. This is comparing September home sales this year to September last year. From July to September, home prices have dropped 👇 about 6% in Antelope.
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The DOM is a key indicator of what the housing market is doing (highlighted in green and blue). Both the active and sold DOM continues to increase. Homes are staying on the market longer now. In a normal housing market, this would also be happening this time of year.
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Once the children go back to school, and as we get closer to the holidays, the housing market slows. So, it is hard to tell from these numbers now.
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Another key indicator is the list price compared to the sales price. The list price and sales price are close in July and August. Looking at the list price and sales price in September, there is a large drop in sales price. Meaning many homes are selling below the list price now.
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In the hot housing market, you could list your home, and it would sell. You just needed the MLS, which is where everyone searches for homes. Now, you will need a strong 💪 marketing plan to sell your home for the most money.
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The one driving force that drove home prices up was the multiple offers. Those are down considerably. Last year 80% of the homes sold had more than one offer. Today that number is 42%.
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It would also be best to do all the little things to help sell your home. The do's and don’ts are more important today, especially if you want it sold quickly and for the most money.
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If you are considering selling, I have made an import do and don’t list for you. This is very helpful when selling a home and can make a difference.
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For more housing information, visit my blog at https://www.allcahomes.com/blog/.
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July-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
75 |
$508,000 |
$0 |
18 |
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Pending |
42 |
$544,000 |
$0 |
15 |
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Sold |
26 |
$499,000 |
$502,500 |
11 |
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Sold 2021 |
73 |
$459,950 |
$490,000 |
7 |
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August-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
82 |
$499,000 |
$0 |
20 |
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Pending |
48 |
$499,450 |
$0 |
22 |
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Sold |
43 |
$500,000 |
$510,000 |
15 |
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Sold 2021 |
56 |
$462,500 |
$485,000 |
7 |
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September-22 |
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# Listings |
List Price |
Sale Price |
DOM |
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Active |
72 |
$499,000 |
$0 |
32 |
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Pending |
45 |
$475,000 |
$0 |
23 |
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Sold |
45 |
$499,000 |
$475,922 |
21 |
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Sold 2021 |
51 |
$459,900 |
$500,000 |
7 |