The August FRESH Report is in!
So, welcome back to a "normal" market.
The August Fresh report is here and the trend of increasing home inventory levels is continuing.
We are still up nearly 40% from last year's August inventory level. This means home buyers have more choices, and they're being a little more picky with the houses they choose to write offers on.
Average days on market for listings has risen from around 10 days just 3 months ago to around 35 days on market now. Keep in mind these are averages...many houses sell after that 35 day marker and many before.
We're still seeing some listings sell the first weekend and now more than ever it's important to make sure a property for sale is prepared with the market in mind to have the widest appeal to the buying public.
List prices are also up year over year, but we're seeing a seasonal adjustment that normally happens this time of year as well.
We look forward to serving you when you need help.
If you've got real estate questions, please email or call our team anytime.
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