Welcome to the Mon County Market Snapshot brought to you by White Diamond Realty.
Let’s take a look at the residential real estate market in the month of January as compared to 2022.
Current Market
- 106 Active Residential Properties
- 128 Contingent Residential Properties
- 85 Months Inventory = Seller’s Market
Takeaways
- We are continuing a slow shift to a balanced market
- Although lower, unit sales are still strong considering this is holiday activity
- Current observation not reflecting in these numbers – the market is coming back to life
Further Thoughts
This is always such a strange month to report, it seems so dwarfed to the three different stats I provide in January. In review of this same report last year, the unit sales and marketing time were starting to shift at that time which makes this less alarming than it may appear to you on the surface. It’s important to remember January is typically one of our slowest months of the year for closings as it reflects sales activity over the slowed holiday season.
What you can’t see in these numbers, but professionals are seeing in our day to day is a palpable uptick in market activity. The market slowed significantly mid-summer last year as everyone was from headlines focused on inflation and rising mortgage rates. What we are seeing now is a collective acceptance of this new reality, and buyers who were holding back deciding it’s okay to jump back in the game. We just need sellers to have that same epiphany so we can get some inventory moving our market forward.
Never high-pressure sales. Always high-quality service. Ready to elevate your real estate experience? We can be reached by phone at 304-241-7500, email at info@whitediamondrealty.net, or online at whitediamondrealty.net. Feel free to connect with us on Twitter, Instagram, and Facebook, too! Just search and follow White Diamond Realty LLC to get updates on all things real estate and our community as a whole. Tune in next month to see how the February market looked! In the meantime please advise your bulbed flowers to hang tight for just a bit longer…
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