Becky's Best Bungalow Bets for the week of Oct 13, 2024: 5 New + Market Update

Hello BBBB Friend,

Apologies for the delay in this week's blog! We've been working on some exciting upgrades to our website. I'll be on vacation this weekend, so look out for the next post on October 27th.

Have you ever wondered how a house you know has been listed for ages suddenly shows up as a "new" listing on HAR? When a property lingers on the MLS for an extended period, it can develop a stale image. Prospective buyers might then speculate that there's an issue with the property, causing them to overlook it. By terminating the listing and reintroducing it as new, it can breathe new life into its marketability. While 35 properties were marked as "new" listings this week in the Heights, only 21 were fresh on the market.

Today, I am featuring five new listings. It was also a big week for price reductions, new contracts, and final sales for homes that are Still on My List. Click HERE  to see all of the changes.

BY THE NUMBERS FOR SEPTEMBER 2024

The good news is that single-family inventory increased to 4.4 months in September compared to 3.5 months last year. It's great to have more to choose from; however, even with declines in interest rates, buyers are being very picky or are sitting on the fence. Sales dropped 28.4% from last September, and to date, we are barely ahead of 2023 sales. The median sales price dropped 3.1%, and the list-to-sales price ratio dipped below 98% for the first time in several years. This could indicate a slight cooling in the premium prices that the Heights typically commands.

Have a great week, and,

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

CLICK HERE FOR THIS WEEKS BEST BUNGALOW BETS