Understanding the Bigger Picture of Our Market - Shawnluong Team

Understanding the Bigger Picture of Our Market

How this year’s housing market data compares to previous years.

Are you having trouble keeping track of all the changes in today’s housing market? Things have shifted a lot recently, and I want to keep you updated so you can make informed real estate decisions. I recently posted an update on the data, and if you missed that, you can read it here. Today I am expanding on that and comparing our market to previous years to get a bigger picture. For this analysis, I am comparing these pieces of data: number of homes sold, median closing price, average closing price, and average number of days on market.

You can hear the specific comparisons by watching the video above, or skip to individual topics using the timestamps provided: 

0:00 — Introduction

2:30 — Comparing Q1 2021 to Q1 2022

4:45 — Comparing Q2 2021 to Q2 2022

6:02 — Comparing June 2021 to June 2022

6:42 — Comparing July 2021 to July 2022

7:48 — Number of new listings on the market

8:50 — Why demand is decreasing, and where I expect it to go

10:30 — Wrapping up

If you have any questions or feedback on today’s information, I would love to hear from you! Call, text, or email me anytime. I look forward to chatting with you.

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