“This is a mixed housing market where it can be a buyer AND seller’s market in the same neighborhood,” reports Linda O’Koniewski, CEO, Leading Edge. “Affordable properties are moving swiftly if priced right and high-end and luxury homes are starting to sit on the market. One thing is clear, this generation of buyer has little appetite for fixing up homes. Homes that are updated, on trend and well-staged at the right price are still flying off the shelf. Properties with older kitchens, baths, wallpaper, heavy drapes, furniture and carpet are more challenging to sell. HGTV and Pinterest has influenced today’s buyers.”
September sales of single-family homes in the Leading Edge service area decreased -.4% year-over-year. Inventory decreased -18.7%. The number of days on market over the last 12 months increased +9.1% while median sale prices remain up +2.3% at $625,000.