- Agents sold 8,260 preowned homes in September, a 7% decrease from September 2017.
- Year-to-date existing home sales are now flat with the same period of 2017; a record of over 106,000 existing homes were sold in 2017.
- Higher mortgage rates and years of rising home prices have caused some buyers to retreat from market.
- Inventory of available homes increased 16%, but still represents only a 3-month supply; 6 months is considered a balanced market.
Happy Fall!
It’s always a welcome change to me when the temperature falls (some) and the leaves begin to change to vivid autumn hues.
As you can see in the enclosed report, it appears our housing market is also changing a little with the season. After several years of an almost…