News → Prices Dropping

Home Prices Are Finally Dropping

House Asking Prices Fall

30 June 2022
Is this the new normal – a more affordable housing market? More than 25 percent of homes on the market have seen their prices slashed. Considering that earlier in the spring there were still bidding wars in many places, this is good news for buyers.
Although bidding wars are still prevalent, the housing market is showing signs of a shift. From May through June 5, roughly 8.4 percent of homes for sale across the country featured a price cut, more than double that of the year prior.
The entire nation is seeing a similar trend – in April, 16 percent of sellers cut prices of listed homes, a jump from March. Curious how the rest of the year will unfold? Check out our housing predictions for the second half of 2022.

Portia Green, REALTOR®

Portia’s clients all have a similar story. Most likely, you met her huddled around a tablet at the dinner table yet she feels like a friend. Her personable nature and easy going approach attract Sellers and Buyers alike, in what can be a stressful and emotionally charged event. A talented REALTOR® with 15 years experience, Portia is just as excited about real estate today as she was with her first transaction. She remains ever-committed to helping her clients find their place in the world and helping busy people navigate this crazy real estate market like a pro.

Related News

The Real Estate Market Has Peaked

It likely comes as no surprise that we’ve been in the middle of historically high home values. Has the market peaked, or will the craze continue?

The Pros & Cons of FHA 203k Loans

Weigh the advantages and risks of using an FHA 203k mortgage instead of a traditional FHA loan, including a few tricky details about using a 203k.