Welcome to the Mon County Market Snapshot brought to you by White Diamond Realty.
This month, we’re taking a look at both September and the 3rd Quarter markets vs the same timeframes in 2021. Below are the stats:
- 181 Active Residential Properties
- 162 Contingent Residential Properties
- 1 Months Inventory = Balancing/Seller Market
- This is typically the slowest quarter of the year
- Definitely see a noticeable decrease in units but homes are still selling faster than historic norms
- We are still seeing a rate of appreciation in all categories
This was the most ‘normal’ summer season I’ve seen since 2019, and I’m not the only one. I spoke with several agents from across the state as well as a few from other parts of the country while at the WVAR state convention, and everyone saw a noticeable slowdown in July.
Is it time to panic? No. First and foremost, it’s never time to panic. Markets evolve by nature and that’s all this is, an evolution. Will we be selling homes differently in the coming months while the economy shifts? Yes. Will we be selling homes? Also yes. Professionals in our industry are often asked ‘when is the right time to sell/buy?’, and my answer is always the same – When it’s right for your situation. Rates are higher, but they’re not high. Sales are dropping a bit, but homes are still selling. Buyers will want to talk with their trusted, local lender and Sellers will need to be open to negotiations, but when you consult with the right professionals and approach every situation with a willingness to move toward a happy ending amazing things will happen. If I had a real estate t-shirt company, my best seller would be ‘Keep Calm – It’s Just a Rate Adjustment’. So sit back, relax, and let the market do it’s thing. It’ll all be okay…
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 email@example.com, 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 spooky October was. In the meantime, enjoy these crisp nights and watch out for all the little beasties that will be running about come Halloween.