Residential listings up 13.1% over previous month.
Sales by June 2016 vs. June 2017 down 7.2%.
What does this mean? ~ Our opinion mirrors many industry experts. Rising inventory and softening sales may be indicators that a market shift is coming. I believe this will be good for the market in general, not so great for those sellers with homes currently on the market who were ambitiously priced in the market. Rising inventory and a decrease in the steady rate of price appreciation is great news for buyers, provided interest rates remain so affordable. Want to know how this affects you specifically? Reach out to us personally, our FREE confidential counselling is always without obligation!
Author:Bill Schohr Phone: 530-870-1067 Dated: July 28th 2017 Views: 128 About Bill: Bill entered the real estate business in 1988. For nearly 30 years, Bill has sold nearly every type ...