Please click on the image below to access October's MLS Market Report.
Sellers:
Active inventory continues to increase while the number of homes that went under contract and sold dropped (again) from September. Home values saw a small positive bump, but they have not increased significantly in nearly 18 months. Price your home in alignment with other sales in your neighborhood. Sellers can't afford to get cocky about the value of their home...it could cost you a successful sale!
Buyers:
Multiple offers are still common for homes under $200,000. Thankfully, the majority of sellers are "traditional" sellers (not short sales or bank owned properties) and are more agreeable to making inspection repairs and accepting contingencies. Interest rates saw a little increase this month. Time to get off the fence and secure a good rate!
For information about buying or selling please use the contact information form. We'd love to hear from you and answer any questions you may have.
