As our market reaches the halfway point of 2017, you can expect home sales to peak very soon and then begin a gradual decline.
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As we reach the midway point of our 2017 real estate market, how did we do compared to last year?
January was relatively flat, and we had about the same number of sales. February was much of the same story. March, however, was really exciting; the market saw a 15% bump in sales.
Since March is traditionally the beginning of the spring market, we thought we were in for a barnburner of a year. April and May, though, saw a decrease in sales compared to 2016. June stayed relatively flat in terms of sales.
In the last 10 years, there have only been two years where sales have peaked in July. What will likely happen is sales will peak again this July and then decrease every single month thereafter. This means if you’re thinking about selling, right now is the time to call us.
Whether you’re buying or selling, there is a lot you need to know about what’s happening. Don’t just read the headlines—get the details. To that point, we have a market report available upon request that will tell you whether you’re in a buyer’s or seller’s market.
If you have any questions or think you’re ready to take advantage of our market, don’t hesitate to reach out to us. We’d be glad to help.