Post Labor Day Update

Now that the Labor Day Holiday has past there are 852 active listings to choose from with prices ranging from$169,00 to $7,000,000.

Sale inventory is down 13% compared to last year. This is positive news for sellers, less inventory means less competition between sellers.

For buyers, less inventory means less selection and more competition between home buyers for prime properties.

The Average Days on Market for August active listings is 79 Days On Market.  Up 6 days compared to August Days On Market.

For Sellers competition remains competitive.  The expectation is that buyer activity will remain moderate through September and will soften as we approach the fall and winter season.

For sellers to be successful in this market  it requires a thought out strategy for the seller with their real estate agent.

For Buyers the selection remains good, but will reduce as we approach the Fall season. Less inventory means less selection.

Currently mortgage rates and monthly payments are still low, but on the rise.  Seller that are motivated want to hear from you.

If you would like more information about buying, selling or renting real estate Email me at: SCOTT@SCOTTCULBERSON.com. I look forward to helping you to… LIVE LIFE TO THE FULLEST Scott Culberson, Broker Associate, Better Homes and Gardens Real Estate Gary Greene

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