We are seeing a bit of a leveling off. We are not seeing as many multiple offers or prices shooting up above the list price, although we are still seeing some. We are still in a "lack of supply" driven market with inventory only at 1.1 months.
 
September 2021 vs. August 2021
New Listings:      3,760 vs. 3,698, increase of 1.7%
Pending Sales:   3,170 vs. 3,535, decrease of 10.3%
Closed Sales:      3,167 vs. 3,219, decrease of 1.6%
 
The decrease in pending sales is somewhat seasonal with the slowdown going into the holidays/winter.

With interest rates still very good, in the 3% range, buying power is strengthened because there is less competition forcing buyers to have to offer well over asking price.

It certainly is a case-by-case basis on whether homes are selling at, above or even below list price, but we are starting to see things normalize. We’re not likely to see a true drop-off as buyers who have been discouraged and frustrated by the heavy competition of the market will start to get back in the market looking for homes.

It really is a fabulous time to be buying or selling!

If there is anything that we can do, please don’t hesitate to give us a call. We’re never too busy to help you or anyone you know. And we really appreciate all your business!

When you change your thoughts, you can change your life. Sounds simple, doesn’t it? However, many of us are our own harshest critic, and we have negative thoughts that take us down instead of building us up.
 
This month, check out what it takes to truly embrace a positive mindset. You’ll read about imposter syndrome – what it is and how you can kick it to the curb with a mindset shift. There’s also space to reflect on your own intake, associations and affirmations, so you can become more intentional about putting the good stuff in and forging a more confident, positive path forward.
 
Naturally, your mindset won’t completely shift overnight. Just take it one thought at a time, and over the next few months, take note of how you feel. When you do this, you’ll be able to calm your busy mind and feel happier in your day-to-day!