“The housing market remains hot but buyer fatigue is rampant. Sellers who have overzealously priced their homes are experiencing some price reductions and or homes are staying on the market a little longer.” reports Linda O’Koniewski, CEO of RE/MAX Leading Edge. “Sellers need to be realistic about pricing their homes right, or they pay a penalty when they don’t get as much money as they might have had they priced their home in the sweet spot out of the gate. An experienced real estate professional can provide advice and strategies to get the highest value in the shortest amount of time.”
The latest 12 months sales of single-family homes in the RE/MAX Leading Edge service area decreased -1.1% year-over-year. Inventory remains down -19.6%. The number of days on market is also down -19% while median sale prices remain up +7.2% at $595,000.
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