Welcome to the Jackson 2022 Mid-Year Report.
National real estate trends over the last 24 months have been a story of low inventory and rising prices.
National Association of Realtors (NAR) is reporting that as of the end of April, there has been a 3.9% decrease in the number of contracts written, which is the slowest reported in nearly a decade. The only area that has seen an increase is the Midwest. Existing homes sales have also fallen 2.4% nationally for the third straight month as of April 2022.
In the Madison County area, we are continuing to see an increase in the average single family home sales price over the past year, with an average current sales price of $267,347 up 20.2% from this time last year.
As trusted professional advisors at Nest Realty, we see it as our job to help clients navigate these times. Our goal is for all of our clients to come out on the other side with the confidence that they’ve made the best decisions for themselves and their families.
Please find the downloadable PDF version of our full Jackson area Mid-Year Report here: Jackson_MidYearReport_2022