That's a wrap for April 2022 in real estate, so let's see the results?

30A Real estate market report April 2022

The spring real estate market is warming up.  Families are on the move to see our great 30A beaches, and with that comes an interest in purchasing homes here.  The market in many regions of the country is shifting which is natural occurrence.  Inflation is climbing and the Fed is trying to control it which means interest rates are rising.  We'll see how that plays out as the year goes, but a little cooling can be a good thing in that it helps reduce the stress of buyers and sellers alike.  Let's take a look at what took place in May.

April 2022 (compared to April 2021)

  • Average sales price:  $2,326,280  (+9.8%)
  • Properties sold:  271 (-31.6%)
  • Active listings:  456 (+31.8%)
  • Median days on market:  5 (+0%)
  • Absorption rate:  1.54 months (+32.8%)  length of time to sell all inventory if no new listings were added

Highest priced home to sell:  

$19,900,000 in Inlet Beach


Posted by Shaun Larson on

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