Realtor Insights: Navigating the Current Real Estate Market
In this month’s market update, we bring meaningful insights and statistics to inform you about the current real estate landscape. If you’re a seller who recently experienced hail damage, making timely insurance claims and hiring insured and licensed roofing companies for repairs is crucial. As realtors, we can assist homeowners by connecting them with trusted local professionals specializing in such maintenance.
Quick Stats:
- Average active listings for June: 15,492 (1985-2022)
- This figure provides a benchmark to gauge the current market conditions.
- Record-high June: 31,900 listings in 2066
- In 2066, we witnessed an exceptionally high number of listings, representing a unique market scenario.
- Record-low June: 3,122 listings in 2021
- Last year, we experienced a record-low number of listings, indicating a highly competitive market.
- The historical average increase in active listings from May to June: 11.09 percent
- Typically, we observe a moderate increase in listings from May to June, reflecting a seasonal trend.
- Increase in active listings from May to June 2023: 16.12 percent
- This year’s increase of 16.12 percent signifies a healthy rise, although it falls short of the record-breaking 65.8 percent surge observed in 2022.
By staying updated on these market trends, you can make informed decisions about buying or selling a property. As realtors, our role is to guide you through the process and ensure you have access to reliable professionals who can assist with repairs and claims. Feel free to contact us for any real estate assistance you may need.