August 2019 Newsletter

Thank you everyone who came to celebrate with us! We are proud we have served this community for 50 years. We look forward to many more years! July was another busy month in the real estate world. 33 sales compared to 15 sales in January 2019. Inventory continued to increase slightly in August. Although not a major increase, inventory levels are the highest we have seen since 2014. Why the increase? It is hard to pinpoint one factor. One reason we have heard is that some sellers who were postponing selling now feel the market is flattening and think this is the best time to exit. Interest rates have also continued to decline and stay low. They are currently below 4% for a 30 year conventional loan. If you didn’t take advantage of refinancing last time rates were this low, you may want to inquire. Let us know if you would like some names of local lenders. If you have any questions or would like specific information on a listing, please feel free to give us a call.