We've officially notched one month into the books for 2022! There's about 4 inches of snow on the ground today, and like the weather outside the Lawrence real estate market is off to a cool start. However, there are rising temps and lots of sunshine in the forecast. Likewise, we think the market is about to quickly heat up. Here's some details from January:
Sold homes are down 10% for a total of 55 homes sold in January.
Average Price is just over $295,000 for the month and the year so far.
Median days-on-market continues to stay at 4, average is up just a bit to 20 days.
New listings are down 40% from this time last year.
Not exactly the most encouraging numbers to start the year, but things can change quickly! We're already planning to bring several homes on the market in the coming months. As interest rates rise, now may be the very best time to think about selling!
Stay tuned to R+K Real Estate for great new content, updates, advice, opinions and more in 2022. We plan to continue our advance of transparency, consumer advocacy, and empowering our clients with alternate business models designed to provide high levels or real estate service with drastically reduced commissions!
If you're looking for help navigating the market as a Buyer, click here.
If you're looking for help navigating the market as a Seller, click here.