Becky's Best Bungalow Bets for Nov 17, 2024: 5 + Market Update

Hello BBBB Friend,

It was another big week for new listings, and I've selected five properties to preview today, from an adorable Craftsman bungalow to a reimagined 20th-century post office. Remember to explore price reductions, new contracts, and final sales for homes that are Still on My List. Click HERE  to see all of the changes.

KEY TAKEAWAYS: HEIGHTS MARKET UPDATE FOR OCTOBER 2024

October brought a healthy rebound in sales, more inventory, and some price adjustments. For buyers, it’s a great time to explore new listings. For sellers, it's about strategic pricing and great presentation.

Sales Rebound After a Slow Late Summer: After a quiet August and September, October saw 62 homes sold, a 29.2% jump from last month and this time last year. Buyers came back strong, likely taking advantage of the growing inventory.
More Homes, More Choices: Active listings climbed to 264, up 21.1% year-over-year and 2.7% from September. For buyers, that means more options. For sellers, it’s not just about pricing—buyers are pickier than ever and are looking for move-in-ready homes.
Price Adjustments Are Emerging: The median sales price fell to $717,529, down 6.2%. This is only the second consecutive month of median price decline, following several months of price increases earlier in the year, so, it is too early to call this a trend.
Homes Are Taking Longer to Sell: The days of homes flying off the market are over—at least for now. The average days on market jumped to 79 days, up 54.9% from last year, with the median DOM hitting 41 days. Buyers are taking their time and being selective, especially when it comes to homes that need work.

Have a great week, and,

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

CLICK HERE FOR THIS WEEKS BEST BUNGALOW BETS