Granite Bay Market Update

March 13, 2023

What's Happening in the Granite Bay Real Estate Market

Let’s talk a bit more in detail about what’s happening in the Granite Bay real estate market. Currently, the median list price for homes in Granite Bay is $1,350,000. This represents an increase over last month’s median list price. Therefore, the demand for homes in Granite Bay continues to remain strong. Additionally, the market action index for Granite Bay is currently hovering around 45, up from last month’s market action index of 44, indicating the market is still favoring sellers, with home sales continuing to outstrip supply.

Furthermore, one of the most significant trends in the Granite Bay real estate market is the decreasing inventory of available homes. Currently, inventory has decreased to 36, which is down from last month’s inventory level. This tells us that the market is becoming increasingly competitive in Granite Bay, with buyers competing for a limited number of available properties.

Overall, the Granite Bay real estate market remains a seller’s market. The market action index has been moving higher for several weeks, indicating that there is upward pricing pressure in the near future. For buyers, this means that it is essential for you to act quickly when you find a home you want. For sellers, this is an excellent time to put your home on the market because demand for properties Granite Bay remains high.

As we head into spring, the real estate market in Granite Bay is showing signs of strength and continued growth. With its stunning location, high quality of life, and strong demand for homes, Granite Bay is an excellent destination for buyers and sellers alike. Keep checking back and stay informed on the latest trends and developments in the local market so we can help you make informed decisions to help you achieve your real estate goals in 2023!

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