It's hard to believe Summer is nearly over and the Summertime real estate market has been interesting to say the least. Prices held firm through July despite the total number of closed and pending sales decreasing fairly significantly. Interest rates continue to affect affordability and the lower number of sales is a direct result of this. On the flip side, inventory continues to stay the same and historically low keeping prices strong. Overall we are still in a very balanced market. Some homes are still seeing multiple offers but for the most part buyers are not having to compete with 5 to 10 other offers compared to this time last year. Stay tuned for more market updates and stats!
https://fmls.stats.showingtime.com/infoserv/s-v1/UCsK-jX6
https://fmls.stats.showingtime.com/infoserv/s-v1/UCsr-nPe