Will fall bring changes to the real estate market? In this article, we’ll explore what these changes mean for both buyers and sellers.
Prices Surge & Sales Slowdown
The Seacoast Board of Realtors reported that the monthly median sale price of a single-family home in the 13-sample Seacoast towns topped $900,000 for the first time since the Seacoast Board of Realtors began keeping statistics back in 2010. That’s a 39.1% increase from last year.
On the flip side, there were only 50 sales in the month, the slowest July ever and off 31.5% from last year. The month ended with only 106 active listings, the fewest ever for July.
Navigating Low Inventory Challenges
With so few listings out there, it can feel discouraging to find a new home. But let’s be proactive: get ahead of the curve so that you’re well-prepared to seize any opportunity that comes your way. Don’t wait for inventory to catch up – be ready to make competitive offers when the right property emerges. Your dream home might be closer than you think!
As your go-to realtor on the Seacoast, I’m here to provide you with expert guidance and support throughout your real estate journey. Feel free to reach out, and let’s navigate this exciting market together.
Read the Seacoast Board of Realtors’ full report here.