East Side County Real Estate Market Update — September 2022

If you're considering buying a home in the near future, it's important to stay up to date on the latest real estate market trends. In this blog post, we'll provide an overview of the East Side county real estate market, including recent trends and predictions for the future. Whether you're interested in purchasing a family home or a property for investment purposes, read on for key insights into the East Side county market!

East Side County Homes Listed Monthly

Graph of Homes Listed Monthly in East Side County

As illustrated, the number of homes listed in East Side County this year began lower at January.
It reached its highest as of now on June, but we can see that it went downJuly to August. Homes that do get listed haven’t remained on the market for long with anxious buyers jumping on listings as soon as they hit the market. As buyer affordability is impacted by mortgage rates, we may see listings linger a little longer on the market as the year progresses.

East Side County Active Listings

Graph of Active Monthly Inventory in East Side County

The graph illustrates monthly active inventory in 2022. It has shown historically low inventory but has started going up until August 2022 and is expected to continue in this direction as the year progresses.

East Side County Homes Pending Monthly

Graph of Homes Pending Monthly in East Side County

So far in 2022, we can see that there's a constant increase in homes in pending for the first three months. East Side County had significant decrease on June, but gradually increased until August.

East Side County Homes Sold Monthly

Homes Sold Monthly in East Side County

The graph illustrates the number of homes sold per month. At the beginning of the year, sales numbers in East Side County were trending similarly from January up to March, and went down a bit on Aprill. I started going up again on May, however, they have started to trend downwards on June and are expected to continue in that direction as increased mortgage rates will continue to impact buyer affordabilty.

East Side County Average Selling Price Per Month - Single Family Homes

Graph of Average Price Monthly in East Side County Homes

The graph shows that East Side County reached the highest sales price on April 2022. However, sales price started going down on May until the recent month which is July.

This chart depicts prices from January 2022 to August 2022

East Side County Average Selling Price Per Month - Condos & Multi

Graph of Average Monthly Sale Price for East Side County Condos and Multifamily Homes

Looking at the graphs, we can see that East Side started going down on the second month, but went upon March until May. However, it started going down again on June up to the recent month which is July.

This chart depicts prices from January 2022 to August 2022

Let Us Help You Buy Your Next Home

The East Side County real estate market is active, with homes moving on a monthly basis. If you are looking to buy a home in this area, RexMont Real Estate can help. We have experienced agents who will work hard to find the perfect property for you. Contact us today to get started!

Post a Comment