2022 Q1 Market Report
Posted by Barker Realty LLC on
Over the winter we felt a little cooling take effect. Some homes sat on the market longer and prices seemed to catch their breath. That reprieve was short-lived, however, as we enter the traditionally most active buying and selling seasons: spring and summer. Our market is beginning to show some changes where buyers are choosing to sit by the sidelines as sellers push the boundaries of pricing. Distressed properties – once too undesirable for investors or DIY’ers – are finding new life and buyers are evaluating areas not traditionally sought after, much to the benefit of those localized sellers. Here at Barker Realty, we’re meeting with our brokers and clients daily to evaluate strategies, negotiations, and expectations as the market changes.
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