I’ve got a short and sweet market update for you today. Here’s what you need to know.
Today I am going to give you a mid-year review on our real estate market to give you a better idea of what’s going on. Here’s what you need to know.
Inventory is low right now. While six months of inventory is considered a balanced market, we have about a 2.7-month supply in our market right now. This tells us that we’re in a seller’s market, which is great news for homeowners. In a seller’s market, prices are driven up. When you couple that with a drop in interest rates, you can see how our market is being fueled for sellers.
“We are working with homebuyers who are in desperate need of homes.”
Because inventory is so low, we’re having a difficult time finding homes for some of the families that we’re working with. Could you or someone you know benefit from selling right now? If so, we might already have some eager buyers who are interested in a home like yours.
If you have any questions about the latest numbers and what they mean for you, don’t hesitate to give me a call or send me an email. I look forward to hearing from you soon.