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My Monthly Market Summary Market Summary for the Beginning of September 2023 Market Summary for the Beginning of September 2023 Here are the basics – the ARMLS numbers for September 1, 2023 compared with September 1, 2022 for all areas & types: Active Listings: 11,969 versus 18,694 last year – down 36% – but up 6.5% from 11,241 last month Pending Listings: 4,604 versus 5,607 last year – […]
My Monthly Market Summary Market Summary for the Beginning of 2023 Here’s to a bright New Year and a fond farewell to the old; here’s to the things that are yet to come, and to the memories that we hold. – May You Have A Prosperous New Year! “The future belongs to those who believe in the beauty of their dreams.” – Eleanor Roosevelt Market Summary […]
My Monthly Market Summary Market Summary for the Beginning of February 2023 Market Summary for the Beginning of February Here are the basics – the ARMLS numbers for February 1, 2023 compared with February 1, 2022 for all areas & types: Active Listings : 15,598 versus 4,876 last year – up 220% – but down 4.3% from 16,298 last month Pending Listings: 5,109 versus 7,798 last year – […]
My Monthly Market Summary Market Summary for the Beginning of March 2023 Market Summary for the Beginning of March Here are the basics – the ARMLS numbers for March 1, 2023 compared with March 1, 2022 for all areas & types: Active Listings: 14,739 versus 4,588 last year – up 221% – but down 5.5% from 15,598 last month Pending Listings: 5,911 versus 8,333 last year – down […]
My Monthly Market Summary Market Summary for the Beginning of April Market Summary for the Beginning of April Here are the basics – the ARMLS numbers for April 1, 2023 compared with April 1, 2022 for all areas & types: Active Listings : 13,933 versus 5,051 last year – up 176% – but down 5.5% from 14,739 last month Pending Listings: 5,701 versus 8,008 last year – […]
My Monthly Market Summary Market Summary for the Beginning of May With only 12,500 active listings without a contract we are once again approaching a dire shortage of homes for sale. Even a modest increase in demand is likely to force prices higher and quickly recover the ground lost over the past 12 months. The median sales price is down almost 9% compared to a year […]
My Monthly Market Summary Market Summary for the Beginning of June Market Summary for the Beginning of June Here are the basics – the ARMLS numbers for June 1, 2023 compared with June 1, 2022 for all areas & types: Active Listings : 11,730 versus 9,439 last year – up 24% – but down 6.2% from 12,503 last month Pending Listings: 5,696 versus 6,887 last year – […]
My Monthly Market Summary Market Summary for the Beginning of July Market Summary for the Beginning of July Here are the basics – the ARMLS numbers for July 1, 2023 compared with July 1, 2022 for all areas & types: Active Listings: 11,545 versus 14,406 last year – down 20% – and down 1.6% from 11,730 last month Pending Listings: 4,997 versus 5,766 last year – down […]
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Uncategorized Market Summary for the Beginning of August Market Summary for the Beginning of August Here are the basics – the ARMLS numbers for August 1, 2023 compared with August 1, 2022 for all areas & types: Active Listings: 11,241 versus 17,957 last year – down 37% – and down 2.6% from 11,545 last month Pending Listings: 4,842 versus 5,291 last year – down […]
Uncategorized Mortgage Rates: Past, Present, and Possible Future Mortgage Rates: Past, Present, and Possible Future If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of […]
Uncategorized Expert Home Price Forecasts Revised Up for 2023 Expert Home Price Forecasts Revised Up for 2023 Toward the end of last year, there were a number of headlines saying home prices were going to fall substantially in 2023. That led to a lot of fear and questions about whether there was going to be a repeat of the housing crash that happened back in 2008. […]
Uncategorized Why It’s Still a Seller’s Market Today Why It’s Still a Seller’s Market Today Even though activity in the housing market has slowed from the frenzy that was the ‘unicorn’ years, it’s still a seller’s market because the supply of homes for sale is so low. But what does that really mean for you? And why are conditions today so good if you want to sell […]
Uncategorized Homeowners Have a Lot of Equity Right Now Homeowners Have a Lot of Equity Right Now [INFOGRAPHIC] Some Highlights Your equity grows as you pay down your home loan and as home prices increase. With home prices rising again, your equity is getting an extra boost. Almost half of homeowners are equity rich because they have at least 50% equity in their homes. If you’ve been in your home for a […]
Uncategorized There’s Only Half the Inventory of a Normal Housing Market Today There’s Only Half the Inventory of a Normal Housing Market Today Wondering if it still makes sense to sell your house right now? The short answer is, yes. Especially if you consider how few homes there are for sale today. You may have heard inventory is low right now, but you may not fully realize just how low or […]
Uncategorized Where Are People Moving Today and Why? Where Are People Moving Today and Why? Plenty of people are still moving these days. And if you’re thinking of making a move yourself, you may be considering the inventory and affordability challenges in the housing market and wondering what you can do to help offset those. A new report from Gravy Analytics provides insight into where people are searching for homes and what they’re […]
Uncategorized Sellers: Don’t Let These Two Things Hold You Back Sellers: Don’t Let These Two Things Hold You Back Many homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice […]
Uncategorized Pricing Your House Right Still Matters Today Pricing Your House Right Still Matters Today While this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month […]
Uncategorized Key Housing Market Trends [INFOGRAPHIC] Key Housing Market Trends [INFOGRAPHIC] Some Highlights If you’re considering buying or selling a home, you’ll want to know what’s happening in the housing market. Housing inventory is still very low, prices are climbing back up, and homes are selling fast when priced right. If you want more information about our local area and what the trends mean for your plans to buy or sell, let’s connect.
Uncategorized Homebuyers Are Still More Active Than Usual Homebuyers Are Still More Active Than Usual Even though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today. The ShowingTime Showing Index is a measure of how much buyers are touring […]
Uncategorized Tips for Making Your Best Offer on a Home Tips for Making Your Best Offer on a Home While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the […]

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