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    December 2, 2022
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Henri Gourd 914-954-3897 henrigourd@bhhsne.com 50 40 Market Direction In New London County, the statistics tell us that housing inventory is still a problem. Compared to the same time last year, the number of new SFH's coming on the market fell by 17%, the median home price increased 15% and homes sold 20% faster. However, this Realtor sees a change in market behavior that has not yet caught up to the market statistics. Sellers are not able to get huge premiums over asking price nor are they seeing multiple offers. Buyers are usually visiting a home in-person before making an offer and no-contingency bids are now almost non-existent. This change in direction of the market cycle means that sellers need to be sensitive to today's pricing environment and the direction it is headed. Because home value appreciation is not assured buyers should consider their purchase with a medium to long-term horizon in mind. Whether buying or selling a home, it is critical that you get the input of a professional who has a true sense of the local market. BERKSHIRE HATHAWAY Home Services New England Properties Selling it all, from cottages to castles! Henri Gourd 914-954-3897 henrigourd@bhhsne.com 50 40 Market Direction In New London County , the statistics tell us that housing inventory is still a problem . Compared to the same time last year , the number of new SFH's coming on the market fell by 17 % , the median home price increased 15 % and homes sold 20 % faster . However , this Realtor sees a change in market behavior that has not yet caught up to the market statistics . Sellers are not able to get huge premiums over asking price nor are they seeing multiple offers . Buyers are usually visiting a home in - person before making an offer and no - contingency bids are now almost non - existent . This change in direction of the market cycle means that sellers need to be sensitive to today's pricing environment and the direction it is headed . Because home value appreciation is not assured buyers should consider their purchase with a medium to long - term horizon in mind . Whether buying or selling a home , it is critical that you get the input of a professional who has a true sense of the local market . BERKSHIRE HATHAWAY Home Services New England Properties Selling it all , from cottages to castles !