Is the market slowing down? Is it true that home values are continuing to rise?
The market usually slows a bit in August and September as families are headed back to school and getting settled in new routines. But fall weather is finally here, and just like clockwork, buyers are starting to bundle up and start looking at houses.
- Active listings (homes for sale) are down 10% from this time last year. That equates to about 1,500 homes.
- The number of Sold homes this year is just about the same as last year. What does this mean? It means homes are still selling; buyers just have less homes to choose from.
- Median days on market is down from 32 to 28 days. With less homes to choose from, homes are getting scooped up by buyers quicker than ever!
What does this mean? This means we are still in a Seller’s market and we need more inventory.
Help spread the word. Do you know of someone looking to upsize, downsize, or buy their first home? Send them my way, and our team will take fantastic care of them. We are currently selling homes quicker than other agents, with average days on market of 11, and average sales price 98% of list price.