Becky's Best Bungalow Bets for Sept 15, 2024: Market Update + 5 Move-in Ready Homes

Hello BBBB Friend,

This week’s forecast: perfect for house hunting! With temps starting in the mid-70s and climbing to the mid-90s, it’s just hot enough to remind you why that home with the energy-efficient A/C and cozy patio is a must-have. Grab your iced coffee, put on your shades, and let’s find that "toothbrush-ready" dream home while the weather’s on our side.

Today, I'm featuring five new listings, all move-in ready—no paintbrush required! And don't miss the updates on homes that are Still on My List, including price reductions, new contracts, and finalized sales. Click HERE to see all of the changes.

BY THE NUMBERS FOR AUGUST 2024

One of the most common trends I've observed among buyers this year is their diminishing tolerance for upgrades and repairs. Today's buyers aren't looking for fixer-uppers or projects—they want homes ready to move into the moment they get the keys, or as I like to say, "toothbrush ready." This shift is reflected in our local market data, where we see an increase in active listings and longer days on the market. As sellers work to meet this demand for move-in ready properties, these trends highlight the importance of presenting homes that cater to modern buyers’ desire for convenience and immediate livability.

The gains we saw earlier in the year in the number of homes sold were wiped out with August results. The Heights housing market in August 2024 shows signs of cooling, with active listings up by 20% and homes taking 114% longer to sell compared to last year. Despite a 28% drop in the number of homes sold, the median sales price rose by 7.7%, indicating that higher-end homes or limited supply in certain segments keep prices elevated. The market stabilizes after typical seasonal price fluctuations, with the median sales price reaching $785,000 in mid-2024.

Have a great week, and,

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

CLICK HERE FOR THIS WEEKS BEST BUNGALOW BETS