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September 2022 Monthly Recap

Posted by Oakridge Real Estate on Friday, October 7th, 2022 at 3:14pm.

September Monthly Recap | Oakridge Real Estate

September 2022 Monthly Recap 

  

Market Update - Why it is still a great time to buy or sell.

It is no lie that the market is different than is was six months ago. The rise of interest rates are the top focus that we continue to hear on every news outlet and are top of mind anyone that is looking to buy a home. Our team along with Greenstate Lender, Bill Tye, had an open discussion regarding how it is still a great time to buy or sell. Below are key points our team shared in our open discussion on Tuesday.

Buyers:

  • You are starting to have buying power again! Many of our buyers are now able to view multiple homes and get an inspection. 
  • Don't let interest rates scare you from buying a house! Buying a home all comes down to your monthly payment. The average rent in Iowa for a 3 bedroom apartment is $1500. For many people in the Cedar Valley the a monthly mortgage payment will be less than the cost to rent, even with a 5% interest rate.
  • When buying a home you are gaining equity over time which helps to grow your net worth, something you do not gain when renting.
  • Refinancing is always an options. When rates drop you will have the ability to refinance your interest rate.

Sellers: 

  • It is still a great time to sell! In the Cedar Valley there is not enough inventory to meet the demand of buyers. Many homes in our area continue to get multiple offers and showings. 

September Monthly Recap 

126 Total Transactions: Congrats to the 62 clients who sold their home and 64 clients who have purchased homes in September! Thank you for letting our Oakies be there for you through your buying or selling process.Oakridge September 2022 Monthly Recap | Oakridge Real Estate
 
List to Sale %: 9 straight months of Oakridge agents getting sellers top dollar for their home. Oakridge Average List to Sale Price: 103.1% (MLS: 99.1%). This 2% difference compared to the MLS average adds up to extra $$ when selling.
 
Average Days on Market: 24 Average Days on Market.
 
Homes on Market: 141 homes on the market, Cedar Falls and Waterloo combined. We continue to see a slight increase in available homes on the market. This is great to see for buyers. With less than 150 homes in the Cedar Valley, it is still a great opportunity when selling.

 

Quarter 3 Top Performers Oakridge 2022 Quarter 3 Top Performers | Oakridge Real Estate

Congrats to our 8 top performers for quarter 3 of 2022! Quarter two top performers include: Bryn Mangrich, Carl Ericson, Luke & Becky Bartlett, Bethany Benner, Linda Curran, Dan Berregaard, Jane Obermeier, and Jennie Plummer!

 

September Top Performers 

Congrats to our September Top Performers: Ann Lyons, Luke & Becky Bartlett, Josh & Sarah Bey, Bryn Mangrich, Carl Ericson, Dan Berregaard, Jane Obermeier, Jordan Tranbarger, Justin Reuter, Lauren Duhaime, Laurie Lynch, Linda Curran, and Sara Junaid!

Ann Lyons September Top Performer | Oakridge Real EstateLuke & Becky Bartlett September Top Performer | Oakridge Real EstateJosh & Sarah Bey September Top Performer | Oakridge Real EstateBryn Mangrich September Top Performer | Oakridge Real EstateCarl Ericson September Top Performer | Oakridge Real EstateDan Berregaard September Top Performer | Oakridge Real EstateJane Obermeier September Top Performer | Oakridge Real EstateJordan Tranbarger September Top Performer | Oakridge Real EstateJustin Reuter September Top Performer | Oakridge Real EstateLauren Duhaime September Top Performer | Oakridge Real EstateLaurie Lynch September Top Performer | Oakridge Real EstateLinda Curran September Top Performer | Oakridge Real EstateSara Junaid September Top Performer | Oakridge Real Estate

Related Links

  • August Monthly Recap
  • July Monthly Recap
  • June Monthly Recap
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Cedar Falls, IA 50613

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