May 2022 real estate stats are in... let's see the results?

30A Real estate market report June 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.

May 2022 (compared to May 2021)

  • Average sales price:  $2,361,014  (+13.7%)
  • Properties sold:  257 (-29.6%)
  • Active listings:  536 (+37.4%)
  • Median days on market:  7 (+40)
  • Absorption rate:  1.88 months (+55.3%)  length of time to sell all inventory if no new listings were added

Highest priced home to sell:  

$11,300,000 near Eastern Lake


Posted by Shaun Larson on

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