If you haven’t heard me say this already, imagine me repeating it loudly right now. The summer slowdown is real and represents a great time to buy. Read on for my July analysis and reasons why you should either jump in or hold tight.
July’s final numbers indicate not much movement when compared to 2018’s overall numbers. Twenty percent of all homes closed in 2018 occurred in June which shows how powerful spring listings are.
Many sellers think summer is the ideal time to list so the market sees a bump in inventory. On the flip side, buyers waiting to enjoy the Pacific Northwest summer are not spending time indoors home shopping.
If you are a buyer jump in with two feet right now as there are slightly more homes available, less competition, a few price drops, and some desperate feeling sellers. You know because their home has been on the market for 14 days.
If you are a seller, I recommend capitalizing on the fall market and listing between mid September and mid October. Buyers visualize feeling settled and ready for the holidays and will be back in full force at this time.
If you are looking for more personalized information and planning as a buyer or seller let’s set up a time to meet.