Current Market Statistics

Welcome fall market! We have had an interesting week this past 7 days in real estate. 50% of all the sales of August closed at the end of the month! This is not unusual for August as many who are in their homes want to wait til end of summer to move and those with families who are moving in, want to be in place before school starts.
In terms of new listings, we had less new listings than last year but overall we are up by 34% month to month over last year. Net unconditional sales for August last year is down from 736 to 594, down by 20%.  This means it’s a great opportunity for buyers to get into the market, especially since interest rates are expected to go up again this year. For more information on homes in your area specifically please give me a call at 2507440775.

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