Summer is nearly over and the kids are back to school (yay!). Hope everyone also had a wonderful Labor Day Weekend!
It is now officially the "Autumn Market." Many buyers and sellers are holding out and hoping for a change in the market. Buyers want to see housing slow to a crawl like it did late last year and sellers are expecting the market to behave like it did from 2012-2017 where the housing prices were hot. However, the housing market is not changing anytime soon - it's a "neutral market." With the drop in interest rates, buyer demand has increased. However, inventory has also increased which means homes must be priced well, or they will sit. There's no room for error.
Included below is your 6-month Orchard Hills Real Estate market snapshot. I am your local resource for all your real estate needs. Referrals are always appreciated.
Ellie Yung - Your Orchard Hills Neighbor and Real Estate Specialist
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