A challenging month with complicated settlements – we survived and had 16 settlements for the month of June. Most of the transactions were homes priced under $400,000. Interest rates remain steady; new construction continues to have a huge impact on the resale market, especially in the $400+ price point. Summer renters are looking and looking but not ready to make a commitment at this time. Some will return in the fall and start their search again. Thank you for your business and please call with any questions.
News
May 2017 Market Update
June 17, 2017
Activity remains steady in the lower price points under $400,000 - buyers who may be sensitive to a potential federal rate increase and wanted to take advantage of the lower rates. We are still having issues negotiating home inspection results and appraisals - same issues as last month.