Market Report

As you can tell from the August Statistics, we had a wonderful August in all of our cities with the number of sales exceeding what we had at the same time last year, even our average sales price being higher, more pending sales and less inventory.  Of course, the tax incentive had expired by August, so our figures should be looking better than last year.

I have sold several of my listings but it does appear we are still getting showings and interest on our properties.  We should be since rates are still down closer to 4.25% and below!  Our prices haven’t increased across the board but some areas have had a better re-sale.  The builders are out of the market so that allows the pre-owned properties to be more inviting, especially when they have been updated and well maintained and are clean.

The biggest advantage for a seller is the lack of inventory!  There is not as much competition for a seller to attract a buyer.  Again, that would make the prices go up if we had more buyers.  The  rates won’t be this low forever, I can assure you.