July 2023 Stats
The statistics are a comparison of July 2023 and July 2022.
The chart below indicates:
Home sales are DOWN 14% from last year at this time.
The average sold price for a single family home DECREASED ONLY 1%
The average days on market has INCREASED by 2 days!
The amount of available inventory INCREASED when compared to last year this time.
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Bottom Line
Sales are down slightly. Even with higher interest rates. Home prices Decreased very little.
Inventory Increased slightly. Thus putting more homes on markets.
As a Buyer
The Market is creating opportunity. Sellers are more willing to negotiate but for how long???
If you are a buyer and your waiting for a dramatic change or prices to go down significantly you are doing yourself no good waiting. Homes continue to sell and prices are holding strong.
Lets talk We still have a small window of bargaining tools such as Seller concessions, to lending interest rate buy downs : 2/1 or 3/1 buy downs.
***You can always refinance when rates drop. They will drop and when they do the competition is back and house prices surge again.***
BUY BUY BUY BUY !!
Even if the home isn’t the perfect home, Buy and in a few years you would have generated enough equity to buy the perfect home.
Nobody got wealthy without owning real estate. It is a huge part of everyone’s financial success.
Treat your home for what it is. An Asset that is a tool to create Wealth, Freedom and a Better Life!
The LONG TERM FINACNIAL REWARD IS WELL WORTH IT!!!
CALL ME! **** 720-676-9484****
As a Seller:::
If you are looking to SELL!! Buyers are looking to buy your home.
We definitely need to talk, ASAP!!!
Home buyers are eager and ready to negotiate.. Lets talk and get your home sold!
Call me Today!! 720-676-9484
