May 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!

At Amy Balewicz Homes we are excited that we’ve been able to assist many clients buying, selling and/or investing in real estate, making it one of the busiest “spring markets” that we've experienced!

Although we have seen more homes coming to the market, inventory levels remain low. As a result, we're still seeing sale prices and offer activity continue to soar as buyers are aggressively looking to make a move before interest rates increase further.

In Bolton, only 9 homes have sold year to date and we’ve seen a 16.8% increase in the average sale price up to $850,375 from $707,545 in this same time period in 2021.

In Stow, 10 homes have sold year to date and we've seen a 17% increase in the average sale price up to $896,290 compared to $742,790 in 2021.

In Lancaster we’re seeing increased inventory with 20 homes sold year to date and a 6.7% increase in the average sale price up to $470,100 compared to $438,370 in 2021.

If you have any questions about the local real estate market please reach out! Engaging with our community and fostering new connections is extremely important to us and we would love to be a local real estate resource for you!

~Amy

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