In the last six months, our market has done very well. Here are the numbers to prove it.
We’re just about at the end of summer, and the latest numbers from our market look good.
Right now, we have 371 pending sales, which is a great number for this time of year and an indication that we’re in for a very good fall. In the last six months, we’ve had 1,654 sales, and those numbers are good in all categories.
The price range with the most closed sales was the $100,000 to $200,000 range, which had 839. Our biggest growth area has been in the $200,000 to $300,000 range, which had 441 closed sales. The price range that experienced the biggest increase percentage-wise was the $300,000 to $400,000 range, which had 164 closed sales. This means we’ve had a lot of move-up buyers closing on bigger, nicer homes these past few months.
If you haven’t made a move yet, there’s good news for you too. Inventory has increased and created a nice balance between buyers and sellers. Currently, there are 805 homes on the market.
“We’re in for a very good fall.”
Lastly, interest rates are also doing very well. 30-year fixed-rate loans are fluctuating between the 4.5% to 4.75% range, while 15-year fixed rate loans are shifting between the 4.25% to 4.5% range.
Now that we know things are going well overall, I want to end this week’s video on a more personal note. I recently attended the funeral of a good friend of mine who was also one of my wonderful customers and a great referral source over the years, and it reminded me to thank you for all the help you’ve given me over the years. I appreciate all of your business, and I want to let you know that my team and I look forward to helping you with all your future needs.
As always, if you have any questions about our market or you’re thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’d be happy to help you.
