January Market Insights 2023

The number of active residential listings is up 112% from one year ago. While inventory is still relatively low, it’s gained a lot of traction in comparison to last year. Higher interest rates have slowed buyer demand, and we are seeing properties staying on the market 30% longer than in 2021. This longer timeline for listings is building up the inventory. However still not enough to drastically affect prices. While below the April peak, homes are still selling at historically high prices – it is just taking more days on the market to do so.

Market Insights by Real Estate expert and Broker Ben Berend.

About the Author
Alexa is the newest member of the Boyd Team and serves as the Marketing Director for the team. She has a focus on staying innovative, building meaningful relationships, and is committed to excellence. She has a degree in Public Relations and Strategic Communication from Purdue University with a minor in Entrepreneurship. She has experience working with homeowners while marketing in various industries and understands the value of exceptional customer service and helping people achieve their life goals.