The Summer of 2020 rolls on and the real estate market maintains the momentum that it has had all year. Just when we thought that inventory was tight, June stats show a 44% reduction in inventory and a 6.5% rise in home prices in the metropolitan area! Closed sales are off just 4% which is surprising given the shortage of listings. My recent experiences in negotiating entry-level homes ($100-$200K) for buyers in the Northland has been nothing short of exhausting. It bears repeating: if you have ever thought about moving up, demand has never been higher for your home. Mortgage interest rates remain extremely low (around 2.875% on the 30 yr conventional) and there are great mortgage options to help you buy before you sell.
Hope you continue to stay safe and enjoy your summer! Call me if I can be of service to you or someone that you know!