The summer market has continued to be crazy! There are a number of buyers out there that are getting desperate because they have been putting offers on homes and have been rejected multiple times. The level of inventory is still too low to support the number of buyers out in the market now. Quite often, there are multiple bids on a home for sale making it extremely difficult to buy your dream home.
Every buyer is scrambling trying to figure out an angle to get a house before it goes on the market or what drives the sellers motivation and capitalize on that. It’s not always about the highest price although in most cases it is.
Because of this demand the average sales price has increased in PA when we compare June 2018 to June of 2019. We have seen a decrease in NJ although demand there for homes has continued to be high as well.
Lets take a look at the average sales price in June 2018 vs June 2019.
Obviously , as I say every month it is a great time to sell. The demand is high. If you are thinking about selling in the future come out to our next home selling seminar at the Warwick Twp at 6:30pm on August 21st. We will review many important changes in the market as well as innovative marketing methods designed to net you the most with the least hassle.
For buyers rates have remained low! If you are thinking about purchasing in the future it does not hurt to start exploring your options now. It is important to educate yourself to the process. Come out to our next home buying seminar at the Warwick Twp at 6:30pm on August 22nd. We will review the different types of loans, the purchase process and tips on how to save the most.
July Real Estate Market Update
Carol Swain. A senior real estate specialist with 25+ years of experience in the real estate industry.