Ballard Market Update
๐ฝ๐๐ก๐ก๐๐ง๐ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐๐๐ฉ๐
Hereโs a snapshot of the Ballard area real estate market for ๐๐๐ฎ ๐ฎ๐ฌ๐ฎ๐ฎ
We took a look at what the Ballard market is doing now, compared to the same time one year ago:
Sales Price - โฌ๏ธ
Number of homes sold - โฌ๏ธ (By almost 300%!)
Days on market - โฌ๏ธ
๐๐๐๐ฉ ๐ฉ๐ค ๐๐ญ๐ฅ๐๐๐ฉ ๐ฉ๐๐๐จ ๐จ๐ช๐ข๐ข๐๐ง/๐๐๐ก๐ก:
Home prices will continue to rise, we don't expect this to change anytime soon. Homes will continue to appreciate, but at a slower pace.
We're starting to see more homes come on the market! This is great news for buyers, you'll start to have more options & less competition.
Not every home is flying off the market in the first couple days. However, this market is still VERY competitive.
Bottom Line: ๐๐๐ ๐ข๐๐ง๐ ๐๐ฉ ๐๐จ ๐๐๐๐๐๐๐๐. With increasing mortgage rates, home appreciation & increasing inventory. Buyers, this is your time!
***Market activity for Cambridge, Huxley, Kelley & Slater. Stats pulled from the Des Moines MLS.