The trend continues. 88 homes closed while only 80 new listing were taken! We have buyers that have no homes to look at. And our team is not alone in this. Many agents (all active agents) are experiencing the same problem.
| Week ending |
Newly Listed |
Back on Market |
Price Increase |
Price Reduction | Under Contract |
SOLD |
| 25-May | 35 | 10 | 1 | 8 | 62 | 40 |
| 1-Jun | 45 | 11 | 3 | 15 | 50 | 48 |
As you can see looking at the stats above, if we figure in the homes going into contract and the homes returning to the market, we are barely (or not quite) staying even. Like most things, the shortage is causing a price increase.
The fantastic interest rates are beginning to creep up also. That means more buyers need to buy NOW, before they are priced out of the market. But there’s little for them to choose from, soooo…
Who do you know that might be in a position to sell? Someone looking to trade up, or downsize? Maybe someone transferring to another job and/or location? How about YOU?
What is your home worth…today? Call or email us for your FREE analysis. No pressure, no sales gimmicks. Click this link. Maybe it’s time you made that move you’ve been thinking about!