The Bronx Market Continues to Appreciate in Value – Q2 2022 Market Report
Let’s look at how the Bronx market fared in the second quarter of 2022 and how it compares historically.
Hope everyone is staying cool in this heat wave! 🥵 As the market cooled across the country, home values continued to increase in the Bronx.
Let’s look at how the Bronx market fared in the second quarter of 2022 and how it compares historically.
In the Q2 of 2022:
– Sales were up just 6% year-over-year. Sales were up 12% from Q1 of this year.
– Despite this growth in value, the Bronx still remains the city’s most affordable borough.
– The average days on market decreased to 85 days last quarter, compared to 89 days in Q1 2022. However, the median days on market is at about 55 days, signaling that listings are often selling faster- a continuing trend from the beginning of this year.
As always, if you have any questions or want to work with us on your real estate search, drop us a line anytime.
