As autumn settles in, the real estate market continues to evolve! New property listings have increased by 7% from last September—showing steady growth in our area! Pending sales have seen a 14% increase over the course of the year, with 125 homes going under contract last month. Buyer urgency has decreased, with 26% fewer homes going under contract within the first 30 days of list date than in 2023. Year-to-date total sales have risen by 8%, and are holding steady compared to the figures from last September. And the median home price now stands at $340,000, reflecting a 2% decrease from last months median, but a 5% increase year-over-year.
Curious about how these market changes might affect you? Connect with one of our real estate specialists for tailored insights into your local market. We can assist you with everything from pricing and marketing strategies to navigating the entire selling process. If you're considering listing your home this year, don’t hesitate to reach out to us for expert advice!
If you're interested in starting the home search, we'd be more than happy to guide you through the ins and outs of purchasing from contract to closing. Stay tuned for more Market Trends… right here on Harrisonblog.