I attended the online seminar presented by a realtor. She updated the current situation of the housing market. Based on her information, this year’s housing market has been going well. The year of 2022 was one of the hectic years for the housing market. Some of the examples between July 2022 and March 2023 are as follows.
The average days took after putting the market to the purchased day: 16 days in July 2022 and 43 days in March 2023.
The average APR: 7.0% in July 2022 and 6.0% March 2023.
The average inflation rate: 9.1% July 2022 and 5% in March 2023
These numbers show how hectic year the year of 2022, and things have been calming down gradually this year.
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