It appears the higher interest rates continue to impact local real estate sales. The good news in general is both buyers and sellers are learning how to negotiate again
The chart below shows real estate activity for December 2022 compared to the same timeframe in 2021.
The median sales price in December 2022 was $246,500, down -5.06% from $259,650 from the previous month and 2.71% higher than $240,000 from December 2021.
The December 2022 median sales price was at its highest level compared to December 2021 and 2020. The average sales price in December 2022 was $292,105, down -3.16% from $301,638 from the previous month and 3.32% higher than $282,707 from December 2021.
The December 2022 average sale price was at its highest compared to December 2021 and 2020.