Barb Schlinker The Real Estate Voice

1.  This market is ON FIRE!2.  We are seeing:  ●Increase in Sales why…Rates are at Record lows●Median Sales Price…INCREASE BY 9.4%●Number of ACTIVE LISTINGS…DOWN by 38.2%!3.  The number of Homes Sold compared to 1 year ago was UP IN EVERY PRICE RANGE EXCEPT:●Under $300K – there just are not that many…○Had one sell last month price at $275K, sold for $300K●We have seen our overall Available inventory drop…like an Elevator since 2015Yet.. I have never seen the inventory DROP THIS TIME OF YEAR! Typically the number of SF Homes available goes UP in the summer, for the first time we are seeing that number go DOWN for two consecutive months!●If you are planning on buying a home, be Prepared for Competition, especially under $500,000!  That’s right I have been watching this metric since the beginning of the year.○We have not been able to keep up with inventory of homes under $400,000 BUT○Since January homes from $400,000 to $500,000 the % of sales to available inventory has gone from:■65% in January to 111% of Avail