Well... that’s a wrap for the summer market! Regardless of the higher interest rates and summer vacations, people were determined to make moves (source: DMAR and Megan Aller, First American Title):
- Compared to July, August had just as many New Listings and Closings.
- Our market’s strength kept the Average Sales Price steady.
- The only whiff of a slowing was the bump in Listings at the End-of-the-Month and Average Days on the Market.
It’s a thrill to have buyers and sellers who shift their strategies with our market’s rebalancing succeeding. Comparing the first half of 2023 to 2022, our metro area only had 20% fewer closings (take THAT scary headlines!). So, what will the back half of 2023 be like? The answer varies significantly from neighborhood to neighborhood. Let’s crunch the hyperlocal data you need to determine if you should make a move now or wait until next year. Text, email, or call me at 303.912.5394 or [email protected].