Becky's Best Bungalow Bets for the Week of Jun 18, 2023: Top 4 + Happy Father's Day + Market Update

Hello BBBB Friend,

Happy Fathers Day! I have selected 4 new listings to preview for you today. Click HERE to see status changes, including price changes, new contracts, and final sales for homes that are Still on My List!

HEIGHTS REAL ESTATE MARKET UPDATE FOR MAY

Home sales, while still substantially below the record numbers achieved in 2022, were up in May, right along with prices. The path to achieving a balanced market has been full of ups and downs, largely influenced by fluctuating mortgage rates. However, buyer demand remains strong, as indicated by the fact that homes are selling, on average, for the full list price of 100%. This demonstrates the continued interest and eagerness of buyers in the market. 

On the flip side, sellers are hesitant to list their homes due to several factors. One reason could be that they have low-interest rates on their current homes, which are lower than the current market rates. This situation makes them less motivated to sell and potentially face higher interest rates on a new property. Additionally, the lack of available desirable housing options may discourage sellers from taking the leap. 

As a result, the current market landscape reflects a delicate balance between strong buyer demand and seller hesitation. Let's look at the numbers for May!

CLICK HERE FOR THE FULL MARKET UPDATE WITH STATISTICS,

Have a great week, and,

Let's look at houses or talk about selling yours!

Becky

CLICK HERE FOR THIS WEEKS BEST BUNGALOW BETS