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Call us at (781)-929-4994 for a FREE home buying or selling consultation
Selling a home? Click here for a FREE Home Price Evaluation
Call us at (781)-929-4994 for a FREE home buying or selling consultation
We are in the midst of one of our hottest months of the year, so we thought it would be a great time to bring you a quick update on the market.
Over the last few months, home prices have remained relatively stable, depending on the price point you are in. Overall, we have seen an increase in home prices since the beginning of the year.
We are definitely still in a seller’s market right now. There are plenty of buyers still out there looking for properties, and a lack of inventory for them to choose from.
Typically, the fall market is a buyer’s market because there are fewer motivated buyers and more motivated sellers. It will be interesting to see what happens this fall, as we are still not sure how long the market is going to continue to be hot.
Inventory is down to 92 active listings right now, but we should see that picking up again come Labor Day.
In the next few months, home prices should go up, especially given what’s going on in China. We also think interest rates will stay down and the Fed won’t be raising them so our prices will remain stable.
If you have any questions for us, feel free to give us a call or send us an email. We look forward to hearing from you soon!
