Prices Continue to Increase
Median sales price for Single Family Homes has increased 10.8% since July 2022, while number of sales have decreased 8.9%. Inventory is down 23.3% causing the prices to steadily rise.
If you are thinking about purchasing a home right now, you have some POWER. Homes are on average selling for 3% less than the list price. The higher interest rates have made the buyer pool smaller, which means Sellers are more willing to negotiate on their price to get their property sold.
I recently put a property under contract for 12% less than the list price due to providing good terms, and excellent negotiation skills. I can help you as well- every transaction is different and unique.
As we see the transition to a more balanced market there are still deals to be had and properties that make for great investments when you know what to look for.
If you are a Seller, contact me to learn more about how I can help you get your property sold for top dollar and to find out more about my staging services.