Based on the market reports for June, two things have stayed the same (high home-sale prices and low inventory) but two things have slightly changed (homes are taking longer to sell and mortgage rates increased to 3.02%).
My take on this: although prices are staying high and competition is tough, we're seeing a little bit of a slowdown in pending sales, as well as home tours and offers. Buyers are getting busy with vacations and other summer activities, and some are simply ready for a break from the house hunt.
While homes remain hard to find, buyers who continue their search will likely find a reprieve in less intense bidding wars for the remainder of the summer.
If you'd like to chat about this evolving market and how it affects you, I'm here. I'm also happy to get data for a specific neighborhood.
Hustle on my friends!
Jenn
Call/Text: (603) 969-7646
Office: 888-398-7062 x137
