What's in store for Home Prices?

July Market Insights: Get an exclusive peek into the current real estate landscape. Discover the game-changing trends that are sending ripples through the market. Whether you’re a prospective buyer or seller, this is a must-watch to equip yourself with the knowledge to thrive in this dynamic environment.

Key Takeaways:

– Home Sales Update: Despite a slight 8.5% dip, the figures reveal that a remarkable 9,223 single-family homes found new owners in the bustling month of July 2023.

– More Time, More Choices: Notice a shift in decision dynamics as the average days on the market stretch from 27 to 42 days, opening doors to enhanced opportunities.

– Changing Inventory Landscape: Watch how the months of inventory have gracefully shifted from 2.4 to 3.2, creating a favorable scenario for both eager buyers and savvy sellers.

– Steady Climb in Prices: Witness the resilient growth in single-family home prices, climbing 0.6% to a median of $428,000.

Don’t miss out on staying ahead of the curve with our all-encompassing market update. Connect with the experts at The Bridge Group for an in-depth understanding of these real estate dynamics!