The Labor Day Holiday is over, and typically the real estate market picks back up and home sales are strong. Even over the holiday weekend, there were homes seeing multiple offers.
Listings have increased since earlier this year, which definitely is a good sign for Buyers. In February & March, there were only around 2,000 listings for sale. (A stable market would be 8,000-10,000 listings) In May the listings jumped to around 3,000, and in mid-July we hit around 4,000 listings. The Holiday weekend was a bit slower, and that is normal.
Even though schools are back in session, there are Buyers out and wanting to find their Dream Home. Some homes may last longer than a weekend, but it won't be months on the market! The current days in MLS with the current active listings is 43 days, and that includes condos to mega-mansions.
If you would like more information on your current home, give me a call, and let's discuss your options!
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