Talk about a nice way to finish the spring! Our market finished May with an extra 10% of listings compared to April. But even with more listings, competition remains strong, so home sales prices increased. And what’s more – we now have three months of inventory! This is still half way towards a balanced market of 6 months. Sellers should anticipate strong offers from buyers, yet take a win-win approach during negotiations. So if your home is priced well and in excellent condition in an attractive neighborhood, list this summer – you’ll get a great return. Buyers take advantage of the larger inventory and lower competition. With house hunters busy with summer plans and or burned out from the summer, you have a better chance of going under contract when you find the right home.
