Continued
strong sales statistics mask what Realtors have been talking about for
the past 2 months: activity has slowed. Don’t get me wrong, we
still have an active market and it has its attractions for both Buyers and
Sellers alike. Sellers with move-in condition homes are still
receiving multiple offers but a little more slowly and with fewer Buyers
involved. A recent listing of mine received 3 offers, 14 days after it
was on the market and the offers came in over a 5 day span. Why the
slower pace? Most professionals feel that the increase in mortgage
rates in the late Spring/early Summer is largely responsible.
But there is a silver lining in this slowdown: personally, I
think the more muted pace is a sign that the recovery in the market will be
sustained over a long period and that both Buyers and Sellers will share in
that benefit. Call me today with your questions about how you can profit
from this market.
My promise to you remains unchanged:
candid, truthful and professional real estate advice and services. Always!
