The Oakdale housing market continued to see average home sale appreciation over the past 12-months but the housing market correction is on its way. Research shows closed sales are down from a year ago. That the number of showings per listing are slowing. That sellers are reducing their list prices after going on the market at a faster rate. Mortgage and new construction applications are slowing. Continue Reading
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Somerset WI Housing Market Correction 2022
Somerset WI housing market is still going strong with nearly 30% higher new listings in the past 12-months along with 8% more closed sales. The average sales price increased to 21.2% during this same time frame. However, as we continue to move further into 2022 we should start seeing the early stages of a housing market correction this year. In St. Croix County the number of showings per listing Continue Reading
Prescott WI Housing Market Correction 2022
Prescott WI and Pierce County housing market is possibly just starting to show the early stages of a housing market correction. The number of showings per listing are declining. More sellers are reducing their list prices after going on the market at a faster rate. Mortgage and new construction applications are slowing. More importantly 30-year mortgage interest rates have climbed faster than Continue Reading
River Falls WI Housing Market Correction 2022
River Falls WI housing market is starting to show the early stages of a housing market correction. Both new listings and the number of closed sales are down 8.3%, and 10.4%. Home appreciation in the month of April 16.2% average sale price appreciation, but this will start to fall as we continue into 2022. The number of showings per listing are declining. More sellers are reducing their list prices Continue Reading
Pierce County WI Housing Market Correction 2022
Pierce County WI Housing Market Correction 2022 Pierce County housing market is possibly just starting to show the early stages of a housing market correction. The number of showings per listing are declining. More sellers are reducing their list prices after going on the market at a faster rate. Mortgage and new construction applications are slowing. More importantly 30-year mortgage interest Continue Reading
Woodbury MN Housing Market Correction 2022
Woodbury MN Housing Market Correction 2022 Woodbury MN housing market appears to be just starting to show the early stages of a housing market correction. Over the past 12-months both new listings (were down 5.1%), and the number of closed sales (were down 9.5%) though the average sale price appreciation is up 13.4% over the same timeframe. I anticipate we will see the average sale price start Continue Reading
