Becky's Best Bungalow Bets for Jul 16, 2023: 4 New Listings + Monthly Market Update

Hello BBBB Friend,

While the summer sun blazes on, the one thing keeping its cool this week is the real estate market - it seems to have found its own shady spot to chill! A key stat for the week: the number of pending sales dropped to 70 this week from 89 last week and 100 two weeks ago. Ouch!

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 JUNE 2023

Sales in the Heights have seen a notable decline, even when compared to the pre-Covid years, signaling a substantial shift in the market. Year-to-date sales have dropped by over a third from their peak in 2021 and are still trailing behind the numbers from 2019, the last pre-Covid year. Despite this deceleration, property prices persist in their upward trajectory, though the pace has moderated, underscoring the sustained demand in the market. Properties are also staying on the market for longer periods, suggesting a slight easing in the urgency among buyers. Yet, with a mere three months of inventory available, the market continues to favor sellers.

FOR THE FULL MARKET UPDATE WITH STATISTICS, CLICK HERE

Have a great week, and,

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

Becky

CLICK HERE FOR THIS WEEKS BEST BUNGALOW BETS