While this summer proved to be a lot slower than anticipated with average unit/property sales by city -24% year-over-year. The lack of inventory continued to fuel increases in average sale price where we still saw most areas +10-15% over LY.
What Could This Mean for Fall?
Based on initial traffic this past weekend, as well as what we are hearing from local lenders the Fall market will be hectic and buyers are cautious and looking for value. You will start seeing new inventory rise each week for the next 4-6 consecutive weeks.
Home Seller's — If you are thinking of selling your home now or in the future, we really should discuss your specific situation so we can maximize your property sale and plan accordingly.
Home Buyer's — Reach out and let's discuss your options and define your home buying strategy.
I am here for you and have resources for all your needs.
Photo by Max Vakhtbovych/Pexels
