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The Bridge Team

Wash Park

Washington Park – First Half Market in Review 2023

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Not So Fast... It is still a Seller's Market in Washington Park. It just isn't happening quite so fast. The number of days it takes a house to sell has doubled over a year ago. However, we remain far from a Buyer's Market. We have sold an average of 33 homes a month so far this year. With only 52 homes in inventory as of August … [Read more...] about Washington Park – First Half Market in Review 2023

Washington Park Monthly Stats – September 2022

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Interest Rates are Doing Their Jobs... The Federal Reserve has been gradually raising rates since the Spring of this year.  The purpose, as I understand it, is to curb inflation. The rate rise to over 7% seems to have curbed Washington Park real estate prices. Of the 32 homes that sold this month, 11 (or 34%) sold at or over … [Read more...] about Washington Park Monthly Stats – September 2022

Washington Park Monthly Stats – July 2022

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More Options For Buyers.... By now you have seen the headlines "The Seller's Market is Over". It is true that we closed 9 fewer homes in Washington Park this July than we did last July. However, we still closed more than we did in July of 2019 or 2020. If I recall, that was still considered a Seller's Market however, just not … [Read more...] about Washington Park Monthly Stats – July 2022

Washington Park Real Estate – First Half Market in Review 2022

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It Was A Roller Coaster Ride... If you look at the Active vs. Sold chart, for twenty consecutive months we have seen an inversion where the number of homes available on the first day of the month is less than the number sold in the prior month. Of course, this spawned the kind of market you may have heard about. January through … [Read more...] about Washington Park Real Estate – First Half Market in Review 2022

Washington Park Monthly Stats – November 2020

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No Break For The Holidays This Year... With sales up 22% from a year ago and inventory 18% less than this time last year, I am not expecting much of a slow down in activity over the holidays. With rates historically low and very few people traveling over the holidays, it seems that buying a new home is one of the few pleasures … [Read more...] about Washington Park Monthly Stats – November 2020

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