“With prices continuing to creep up, buyers are taking a stand and refusing to over pay for their largest investment.” reports Linda O’Koniewski, CEO of Leading Edge Real Estate.  “Sellers who are on the fence or who are waiting until the Fall to list their homes, should consider listing now to avoid the influx of inventory expected after Labor Day and to ensure the highest possible sale price. With news that interest rates will stay steady in the next term, buyers are eager to get into the market before they pop.”

July sales of single-family homes in the Leading Edge service area increased +1.9% year-over-year.  Inventory remains down -18.1%.  The number of days on market is also down -3.7% while median sale prices remain up +9.6% at $657,500.