Published July 26, 2021
MARKET REPORT 7.27.2021
Let’s take a peek at what is happening in our local real estate market. Looking at the number of new listings, the numbers are not much different from a month ago. But, the number of price reductions have increased across the board. What does this mean??
Price reductions can tell us a few things. They can be a sign that the property was originally priced over what the market is willing to pay. Or it can show us a shift in the market. In this particular case we think it is a reflection of what we like to call the July Slump – something we see every year.?
It’s summer, and we have reached the time where everyone is trying to make the most of their time. People are taking time off, going on vacations, and enjoying the warm weather, putting house hunting on the back burner… but only for a moment! Stay tuned for more updates!