The Real Estate Market Update - October 2017

Market Trends

It's that time again – here is your monthly Real Estate Market Update.

It is still a sellers’ market. In the 18 cities that I research, there are only 2 that have 3 months of inventory.* The other 16 cities have between 1 and 2 months of inventory, which is not a lot. Only 7 of the 18 cities have sold less homes in September 2016 compared to September 2017,  which is getting better. There were anywhere from 1-17% increases in median home prices that sold in September 2016 to compared September 2017, and only two cities that had less than 1% increases. Overall, the numbers are showing that this is still a great time to sell, and also to buy - interest rates are still doing great. Remember that each home has its own set of comparable properties to consider. And, don’t forget to give me a call so that I can interpret the market for you and review the current value of your home.

Looking forward to helping you!

10 October 2017