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June Housing Market Numbers Soften

Alright, here is the latest Greater Capital Association of Realtors market skinny. Interestingly prices and pending sales both dipped in June as compared to the same month in 2013. Inventory of available homes for sale also declined, all while interest rates hit a 12 month low. If you’re thinking of selling there are 3 solid moths left of selling. If you’re thinking of buying you can expect to see more inventory over the next 8 weeks. Buyer tend to have more leverage in winter months – most people don’t buy and/or move when there’s snow on the ground.

Even if you’re thinking of selling your home in Spring 2015, make sure to take exterior photos now while the house, lawn, garden, and landscaping are looking the best. If you have questions, don’t hesitate to contact us.