“The balance of power is shifting and sellers need to change their expectations of what their home is worth,” reports Linda O’Koniewski, CEO of Leading Edge. “Say good-bye to double digit appreciation. As we move toward a normal market, values are shifting. An experienced real estate professional can provide data to ensure homes sell at an optimal price for their clients.”
July sales of single-family homes in the Leading Edge service area decreased -3.6% year-over-year. Inventory decreased -10.3%. The number of days on market over the last 12 months increased +2.9% while median sale prices remain up +4.2% at $624,900.