Fruita Market Report – March 2022
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
The market has not shown strong directional trends in terms of supply and demand. However, inventory is sufficiently low to keep us in the Seller’s Market zone and prices have been moving upward as evidence.
Market appears to have begun to cool. As we’re still notably in a Seller’s market, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.
Real estate volume eased off in the third quarter of 2021 when compared with last year, hampered by low inventory of homes for sale and a hint of buyer fatigue from multiple offer situations. However, the year-to-date numbers still surpass 2020 counts.
The past couple of years has forced most of us to spend a little more time at home. With all that time, we've heard lots of stories of amazing remodels and upgrades completed to homes! We've also seen the real estate market go a little crazy. So, what are the advantages of a remodel vs. moving? And how should you determine what is the best course of action for you and your family?
It is that time of the year when things start to cool and we can finally feel Fall in the air. With that feeling all around us, it is no wonder we've started looking for some fall decoration inspiration. While we love Halloween, not everyone wants to have it up until winter hits, so we've gathered some mellow fall decoration inspiration photos to share. We hope they inspire you too!
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.