If you've been listening or reading the news you know that the real estate market has cooled down. This is normal at this time of year. The one difference is that that Hubbard Woods still has very low inventory.
You can see below that there are only 9 homes for sale right now and 10 under contract. Compare that to:
November 2018 - 41 homes for sale with 13 under contract
November 2019 - 34 homes for sale with 14 under contract.
Most pundits believe the market will again be tight and competitive in 2022, but not reaching the heights of 2021. If selling your home is getting close, consider 2022 as it seems impossible that these numbers will continue for too much longer. Particularly with talk of rising mortgage rates.
CLOSED HUBBARD WOODS HOMES IN OCTOBER
1507 Tower Road
List price: $995,000
Sold price: $950,000
Days on market: 45
List price: $1,025,000
Sold price: $877,500
Days on market: 26
List price: $999,000
Sold price: $999,000 (sold while Private)
Days on market: 28
NEW HUBBARD WOODS HOME FOR SALE IN OCTOBER
|1496 Scott - $1,290,000|
|1045 Starr - $4,199,000|
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