Ballard Market Update - December 2022

📸 Here’s a snapshot of the Ballard area real estate market for December 2022

You might be wondering what to expect from the 2023 real estate market. The 2023 housing market is going to be defined by mortgage rates, and rates will be determined by what happens with inflation.

Buyers: This winter is going to be the best time to beat the spring rush. Sellers have been dropping their prices and seller concessions are back!

Sellers: Inventory has dropped since the 1st of the year and we're seeing A LOT of activity on our current listings. Pricing your home correctly will be key to ensuring a quick sale in this market!

Do you have questions on buying or selling in this market? Questions about what this new market means for you? We’re here to help guide you through those questions.

***Market activity for Cambridge, Huxley, Kelley & Slater. Stats pulled from the Des Moines MLS

📥 Hokel Real Estate Team | 📲515-981-2113 | www.hokelrealestateteam.com