Don’t Miss Out on Your Dream Home!
June 2023 Monthly Housing Market Trends Report – Simplified. Hot Summer Deals: June 2023 Housing Market Report Reveals More Homes at Unbeatable Prices! Key Housing Market Trends [INFOGRAPHIC Prices Drop
Today, we have some interesting information about the real estate market in June 2023.
Let’s see why Prices Drop!
- More Homes for Sale: There were 7.1% more homes available for sale this year compared to last year. That means 41,000 more homes were on the market every day!
- Fewer Homes Unsold: Even though more homes were for sale, the total number of unsold homes, including those under contract, decreased by 4.6% compared to last year.
- Sellers Less Active: In June, sellers listed 25.7% fewer homes for sale than last year. This made it a bit harder for buyers to find homes.
- Prices Slightly Down: The median price of homes for sale went down by -0.9% in June. It’s the first time this has happened since 2017.
- Homes Stay Longer on Market: Homes spent 44 days on the market this June, which is 13 days longer than last year. But it’s still shorter than before the pandemic.
Now, let’s understand what all this means:
- The number of homes for sale is increasing, but the growth is slowing down.
- There are fewer homes not yet sold, which means more people are buying houses.
- Sellers are putting fewer homes on the market, making it a bit challenging for buyers to find their dream homes.
- The prices of homes have gone down a little bit, making it a good time for buyers to consider purchasing.
- Homes are taking a bit longer to sell than last year, but the market is still faster than before the pandemic.
The real estate market can change over time, and it’s essential for buyers and sellers to keep an eye on these trends. As we move forward, it’s expected that the housing inventory might slightly decrease, making it a bit harder to find homes to buy. The prices might also go down a bit more, making it a better opportunity for buyers.
Remember, buying or selling a home is a big decision, and it’s always good to seek help from experts like real estate agents to guide you through the process. Happy house hunting!
Don’t Miss Out on Your Dream Home!
Amidst the summer’s golden haze, A real estate market sets ablaze. June’s report, a tale untold, Reveals homes with prices bold.
More houses stand for sale, they say, A 7.1% growth in this warm array. Yet unsold homes, a sight to see, Decline by 4.6% so gracefully.
Sellers’ hearts beat a softer tune, With 25.7% fewer homes to commune. But prices dip, a welcome sight, -0.9%, a pleasant flight.
Homes on the market linger longer, 44 days, a tale of wonders stronger. Though more than last, they’re swift indeed, Compared to pre-pandemic’s speed. But let us heed these trends with care, For changes in the air they bear. Housing inventory may decrease, Prices dip, a chance for peace. So if your dream home calls your name, Seize this chance without a claim. Expert help, a guiding light, Happy house hunting, with delight!
Some Highlights
- If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market.
- Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right.
- If you want more information about our local area and what the trends mean for your plans to buy or sell, let’s connect.
Steve Schappert Founded, and is the broker at Connecticut Real Estate, Schappert owns The Connecticut Art Gallery and Home & Art Magazine Steve also designed, built, and shipped a zero-energy double-walled home to Germany. Schappert is an abstract painting artist and has painted, renovated and provided energy audits for over 1300 homes.
When it comes to real estate, construction and energy efficiency, Steve Schappert is one of the most sought-after experts in the field. With more than 40 years of experience in these areas, he has become a trusted source for reporters looking for insights on the industry. From helping develop net-zero homes to advising on sustainable building practices, Schappert’s knowledge and expertise is unrivaled. Whether it’s for a news article or an in-depth magazine story, reporters turn to Steve Schappert as a reliable source of information. With his expertise and guidance, they can ensure that their stories are accurate and up-to-date.
In the last year I have been interviewed by ABC News Manhattan, Connecticut Magazine and featured in 2 articles in The Washington Post.
If you are looking for a creative broker that thinks outside the box and has been a recognized expert for over 30 years call or text 203-994-3950
