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Smile. Selection Is Strong! But Shrinking.
Buyer’s Market Opportunities Prevail Above $600,000.
Competition Remains Brass-Knuckles Fierce Above $600,000.
Selling Conditions Are Improving.
- There are 708 active listings to choose from. Properties prices range from $135,000 to $7,850,000.
- Inventory is down 13.12% compared to last years selection at this time. [ 708 / 815 ]
- Listings placed under contract in October were UP 4.5%. [ 138 / 132 ]
- Listings placed under contract Year-To-Date are UP 6.4%. [ 2,278 / 2,1397]
- Above $600,000 it’s a thick buyer’s market with great selection for buyers, fisticuff competition for sellers..
- 43.7% of the properties sold in November were on the market less the 30 days. [ 61 / 137 ]
- Average Days On Market for unsold listings is 96 Days.
Sellers: Competition among sellers remains fierce. Especially above $600,000. On a positive note, buyer activity remains steady, listing inventory is slowly shrinking and we expect a swell of buyer activity to begin next month. Conditions for sellers are improving.
To become a successful seller in this market requires smart strategy and an All-In mentality. Better-than-your-competition marketing/positioning, through staging, interior and exterior merchandising shine and polish and attractive pricing position, are all required.
Buyers: Selection remains supreme and should remain so through the first quarter of the new year. Mortgage rates and monthly payments remain beautifully low. Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move.
Listing Inventory Month-By-Month.
Months Supply Of Inventory By Price Range.
Sellers: Listing inventory remains solid and selection (selection = competition) will remain vast in near future. This means competition among sellers will remain fierce.
While competition is keen, on the bright side, buyer activity is stronger than last year and we expect stronger than this year activity in the new year. To become a successful seller in this market requires smart strategy and an All-In mentality. Marketing/Positioning through staging, interior and exterior merchandising shine and polish, and attractive pricing position are all required.
Buyers: Selection is supreme and should remain so. Mortgage rates and monthly payments remain beautifully low. Motivated Sellers are eager to hear from you. It’s a safe and smart time to make your move.