Market statistics, Legislative Updates, All Things Real Estate and Property Management!
More sellers are putting their properties on the market with a 68% increase from this same time last year and an overall close-price-to-list-price ratio of 98.99%. Buyers are still discerning and playing the waiting game, looking forward to a supposed rate cut coming in September. They also want improvements and upgrades to energy, water & space efficiency and they are willing to wait to find it, as evidenced by less properties closed in July this year compared to last year. With elections just around the corner, everyone seems to be holding their breath to see what the market does.
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