April 2022 Market Update What's Happening in the Real Estate Market in Your Community

A Note from Amy

The spring real estate market is in full swing and at Amy Balewicz Homes we are excited that we’ve been able to assist more and more fantastic clients buying, selling or investing in real estate!

Inventory levels remain lower than they have ever been. As a result of this shortage, we are still seeing sale prices and offer activity continue to soar as buyers are aggressively looking to make a move before interest rates increase.

In Bolton, there are currently only 7 active listings on the market and year to date we’ve seen a 13% increase in the average sale price up to $809,000 from $704,000 in this same time period in 2021.

In Stow, there are currently 3 active listings on the market and we have seen a 30% increase in the average sale price up to $964,900 compared to $675,800 in 2021!!

In Lancaster we’re seeing a similar trend with only 3 active listings on the market and a 10% increase in the average sale price up to $504,000 compared to $454,800 in 2021.

If you have any questions about the market value of your home, where interest rates and the market are heading, or anything else, please reach out! We would love to be a local real estate resource for you.

~Amy

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