Reminding everyone of what a normal housing market looks like.

What does a normal market look like? The real estate market has been very back and forth over the last three years, so we thought it would be beneficial to pause and remind everyone what a normal market looks like. 

Historically, appreciation has been around 2% to 3% on average per year, while months of inventory, which is how long it would take to sell all of the houses if nothing new came on, has normally been around four to six months. Lastly, with interest rates, the historic average over the last 40 years has been 6%. 

If you want to know what the market is doing right now and how that compares to normal, or if you decide that you want to buy or sell anytime soon, let us know. You can call or email us anytime, and we would be happy to hear from you.