Market Update, End of Summer 2019

home for sale

 

Great news for both sellers and buyers continue for the remainder of 2019! Economists have been predicting a slow-down in the housing market for quite some time and the coasts are experiencing a significant reduction in pricing.  However, as shown in the attached Metrics, our average market price in August was actually up 2.2% over last year.  

 

Our inventory is down (14.9%) which in turn has decreased our closed sales by 6% YTD from 2018. And the good news is days on market is down 16% with an increase in the percentage of original list price.  This is all great news for those looking to sell in the coming months.

 

And the good news doesn’t stop there!  Interest rates are again low and expected to see another decrease in the coming months.  That’s fantastic news for those looking to buy in 2019!  

Let us help you achieve your real estate goals! Call us at 816-262-8077 for your pressure-free consultation.

 

St Joseph Market Update

Local Market Updates