Right now, our housing market is defined by one key feature: There’s no inventory! The rest of the market is doing fantastic. The average sales price is up 4.6% to a record-setting $655,000; however, inventory fell 37%. There were only 280 new listings in June, which is very low for our market this time of year. What does this mean for sellers and buyers? 

First, this is an amazing seller’s market, but not many people are selling. This is likely because many homeowners have very low interest rates. If they sold and bought a new home, their rate might even double! As a result, many would-be sellers are staying put and contributing to our inventory shortage.

"Off-market properties are a great option in this market."

What does this mean for you as a buyer? You need to pick the right agent. We provide our buyers with a 10-step approach to help them purchase a house, and anything less won’t cut it in this market. You need a team that will help you find off-market properties before they become open to the public. We can do that for you and much more.

If you have questions about this topic or anything else, please call or email us. We are always willing to help!