May 1, 2023: MARKET TEMPERATURE:

My team & I belong to each multi-list along Western PA, so we have access to details in markets from Lake Erie all down to West Virginia. Here are the trends that we’re seeing right now in Allegheny, Beaver, Butler, Lawrence & Mercer counties.

All across the board, there are signs that the spring market has SPRUNG! Just last weekend, between just 2 of my team members they cinched up 5 deals in a 72-hour period. (That’s a lot of numbers in once sentence.) Basically, it means that most experienced agents are busier a hungry mosquito in a nudist colony.

Another sign of the typical spring market is a boost in inventory. Butler county’s inventory just experienced a 167% hike. Hang on tight, buyers – things just got interesting! Many of our own buyers were so frustrated by the limited options that they took a step back from house hunting. We’re reaching out to our buyers with new options & opportunities so that they can decide if it’s the right time for them to get back in the game.

In each of the counties I monitor, the average listing price vs. sales price has either remained constant or has experienced a slight dip (not much… 2-3%.) This is telling us that sellers have to negotiate a bit on their selling prices.

Gone are the days where the listing price was just the starting point. Buyers no longer have to be throwing financial fists before they even enter the ring. Buyers have more options, & sellers are needing to bend just a touch to have a chance against the increasing inventory (aka competition.)

I’m Always Here & Happy to Help!

Katina Hunter

Team Lead for the Katina Hunter Team with Coldwell Banker
724-888-9020

Katina.Hunter@PittsburghMoves.com
www.HereAndHappyToHelp.com