As we settle in to Fall, and the air becomes thinner, I thought this would be a perfect time to give you some updates on our local real estate market. There are some really interesting things happening.
There are two things happening right now that should interest you: 1) Homes with higher price tags (> $200,000) are being listed at a higher rate than homes with lower price tags (< $200,000, but more specifically under $150,000), and 2) Homes are not moving as quickly as they were 4-6 weeks ago. Maybe these two factors go hand-in-hand. Maybe they don’t. All I know is that, theoretically, a home that, two months ago, would have been under contract within 72 hours, is now on the market for maybe 10-14 days before a buyer swipes it up. I’m not saying that it won’t pick up again, or that the house you’ve been eyeing won’t get sold fast, I’m just saying that the market has appeared to slow.
From my perspective, the market is coming to a screeching halt. (Could be lull?)
However, on an up note, if you’re looking for a high-priced home that is completely move-in ready, with amazing amenities, then it is a good time to shop! There is an excellent selection of beautiful homes available if you’re looking to buy between $250,000 and $350,000. (See my Search map below for specific properties *wink*).