Jefferson County Housing Update - Resale Only
FEWER LISTINGS - STRONG INTENSITY
In the Spring market, the Sales Activity Intensity™ of new listings going under contract within the first 30 days is at a surge level ofsales activity. Prospective buyers who have moved beyond just the planning phase of their home search are showing signs of increased buyer engagement. Sellers will need to put in more effort to attract these buyers than in previous years.
SALES ACTIVITY INTENSITY™ SCALE
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Housing Update - Resale Only
KEY MARKET INDICATORS MAY 2023 (APRIL RECAP)
The supply of housing remains limited due to a persistent shortage of available homes, as fewer homeowners areputting their homes on the market after locking in low home mortgage interest rates during the pandemic.Those most likely to move in today’s market fall into two large groups: 1. When a life event takes place (job orfamily), or 2. Those with large home equity (retirees, seniors, and those in their home for 4+ years).
Current housing market
Source: NWMLS. Data is for Resale only. © 2023 John L. Scott Real Estate