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“Third verse same as the first” is what comes to mind. Stats are the same for the third month in a row. Median pricing is holding steady at $1.45M, which is 5% lower than this time a year ago BUT 10% higher than January 2023. If prices continue to stay flat, which I think they will, next month we will have year-over-year appreciation of 7%, and the crazy 8-month 35% ramp-up with the subsequent 5-month 22% depreciation will be behind us. Yay! Inventory continues to be tight and we are solidly in a Sellers’ Market with only 1.1 months of inventory. Tight inventory has been the theme of the year and will likely continue for the foreseeable future. July and August tend to be squishier (less active) months, so it will be interesting to see what happens.
Home Knowledge •
July 11, 2023
The Benefits of Downsizing for Homeowners
Some Highlights
- Downsizing is a popular choice for homeowners when they retire or when their needs change, but with inflation still high, it’s also a way to reduce costs.
- Downsizing could help cut down on your expenses and your equity can fuel your move.
- If you’re thinking about moving to a smaller home, let’s connect to go over your housing goals and look at your options on our local market.
Market Advice •
July 5, 2023
Key Reasons To Use a Real Estate Agent When You Sell [INFOGRAPHIC]
Some Highlights
- An agent is a really important part of selling your home because they bring a lot of skill and expertise to the sales process.
- They’ll explain what’s happening today, what that means for you, and how to price and market your house. They’re also skilled negotiators and well versed in the contracts and disclosures involved.
- Let’s connect to ensure you have an expert helping you sell your house successfully.
Economy • Market Advice •
June 27, 2023
Homeownership Helps Protect You from Inflation
Some Highlights
- Wondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady.
- Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties within the next 12 months.
Especially when inflation is up, having a stable housing payment can be helpful. Let’s connect so you can learn more and start your journey to owning a home today
