Four Points Market Update | August 2022

Looking at the numbers from July last year to this year, we're noticing a few significant changes.

The good news is that prices are still up about 18% throughout the Four 
Points area. The median price for single-family homes has increased by about $150k.

The negative is we've seen a considerable drop in sales along with an increase in days homes are sitting on the market.

The rise in interest rates affected action in the market; however, many buyers are beginning to be pushed back over the fence by a recent drop in rates. We've even been able to get many of our buyers under contract in the high 4s.

If you or someone you know wants to take advantage of where the market currently is, we would love to be a resource.