We Are Halfway Through 2019
The numbers are in! That is right - the end of June marks the end of the first half of 2019. It is hard to believe this year is halfway over. Time flies when you are selling homes.
What's the market like?
Lately, people have been remarking about how many homes they see for sale in their neighborhood. Real estate activity always picks up in the summer. However, this summer, the days on market indicator has jumped way past the point it was at this same time last year. Inventory is high, and demand has waned. In spite of the high inventory, prices held steady.
Take a look at the video below where I discuss the market and dropping interest rates with loan officer, Anthony Patton.
Text Anthony Patton for mortgage or interest rate questions: 214-226-0885
Buyer's Market? Seller's Market? Balanced Market?
In a nutshell, we are experiencing a balanced market. I like the market this way as both buyers and sellers can benefit.
Of course, every area is different - and hyper-local matters! So if you would like a detailed report for your specific neighborhood, contact me, and I will get a similar statement to you specific to your location.