In four short days we will be welcoming in a new year! I feel like I finally just trained my brain to write 2022 on paperwork and now it’s already time to start writing 2023! As I look back at all the changes in the real estate market this year, I am reminded as a Realtor® in Locust Grove to thank all of you! Whether I helped you buy your first home, sell a home, or just shared my knowledge with you to help you make an informed decision, it was an honor for me to be part of your real estate journey! Today I wanted to take some time to reflect on my real estate experiences this year!
Roller Coaster Housing Market for Buyers, Sellers, and a Realtor® in Locust Grove
We went from a seller controlled housing market around Locust Grove where low inventory caused buyers searching for a home to bring their best offers to a seller and hope that they would be selected to a much calmer market near the later half of the year. In this market, inventory is increasing and buyers have more time to determine which home is right for them. The rise in interest rates affected the buying power of buyers, but, like I said before, everyone (buyers, sellers, and real estate agents) needs to remember that the historically low two percent rates were just that. Rates in the seven percent range are historically not uncommon. For people who are in a position to buy, don’t let the rates deter you! When you rent, you pay 100% interest every month!
If you sold a home in the early part of 2022, then you may have profited from the frenzied housing market. But, even if you put your home on the market now, most sellers will still see gains because the value of homes is up over a few years ago. While it feels odd to see homes that are spending two months on the market before going under contract, remember that pre-pandemic this was the norm.
2022 Stats for Sean Jones Realtor® in Locust Grove Virginia
As a Realtor® in Locust Grove, I have had the pleasure of helping many people achieve their goals this year. I have helped several first time home buyers purchase a home. I’ve helped a family find a waterfront home in Lake of the Woods that was a for sale by owner property. I’ve worked with builders to market and sell their new construction homes. I’ve coordinated transactions for buyers and sellers that involved the sale of one home and the simultaneous purchase of another. I’ve put the pieces together to get land sold and helped others find a lot for their future dream home. My experience and expertise in this local market is what allows me to be a successful Realtor® in Locust Grove.
Here are the stats for Sean Jones Realtor® in Locust Grove for 2022.
Did you know that the average agent sold 12 properties in 2021 according to NAR (Quick Real Estate Statistics, Nov 2022) As a Realtor® in Locust Grove I have more than doubled that stat thanks to all of my clients!
As 2023 brings in a new year and fresh start, know that I am ready to help you! Whether you just want a consultation about your particular housing circumstance, are ready to begin searching for a home in Locust Grove or the surrounding area, or want to get a home valuation unique to your property, this Realtor® in Locust Grove is only a contact button away!
