Welcome to the Friedrich Real Estate Report! The goal of this monthly report is to help you better understand the current state of the real estate market. We believe it’s important to supply you with up-to-date information about our market, so you can make the best real estate decisions for you and your family. We want to provide the best and smoothest real estate experience possible and we believe one way to do that is through education of the current state of the market.
Similar to the national real estate picture, our local market is somewhat light on inventory. Lower supply has led to increasing list prices for our sellers, as is reflected by the Listing Summary and Median Home Price Graphs included here. Typically our market is seasonal and it tends to slow down a bit as we get closer to the Holiday months. And we are seeing that a bit, but the market is still hot enough that you want to wear oven mitts.
Interest rates are historically low but there are signs that interest rates are on the rise, and we believe that this increasing trend will continue into 2022. In view of capturing the best possible rates and being able to purchase the most house possible, we’d encourage starting your home search sooner than later.
We hope this helps and if you want more information, please call one of our licensed real estate professionals!