We saw a 1% uptick in the inventory this past week in MLS. What’s interesting to note is that homes actually increased in the number of offers/under contract and sold homes by 2%+ in each category, and we went down roughly 1% in active inventory in the market. This supports our inventory analysis that there are more homes actively participating in the market this year, they are just moving quicker as far as offers go. We’re seeing a slight softening in the higher end market with educated buyers wanting to have more control in the process. Thus, we
What does July 4th week mean for you? As a Seller, if you are thinking of hitting the market or having a price reduction, the two weekends around 4th of July bring a lot of relocation buyers. So, in the next 72 hours, we strongly encourage you to get yoru home on the market or make your price corrections prior to Saturday morning. This will make sure you have two full weekends of increased buyer traffic.
As a buyer, please keep in mind that the 4th of July is actually a slow holiday itself, the weekends and days around it are what typically drive the traffic. Our Showing Company is closed on 4th of July and often Sellers are entertaining or grilling, so it’s harder to physically get into see the houses on the 4th. Make sure you schedule ahead of time if you want to view properties around the 4th of July.