Your June Market Update - Home Prices, Interest Rates, and More

Here’s what buyers and sellers need to know about our housing market. What’s going on in the housing market? Recent changes could have huge implications for your buying or selling plans, so you need to stay informed. That’s why today, I’m bringing you the latest numbers from our market and explaining what they mean for you. For example, inflation seems to be getting under control, so what does that mean for the future of interest rates? **You can listen to my full explanation in the video above or skip to each topic using the timestamps provided: **

0:00 — Introduction

0:33 — The median sales price in our market

1:22 — The median list-to-sales-price ratio

1:44 — The median days on market

2:22 — Pending sales and inventory are down

2:58 — How housing prices are affected by inventory

3:44 — Supply in our market is still very low

4:36 — What’s going on with interest rates?

6:45 — Rents keep going up

7:20 — Headlines tend to terrify, not clarify

7:57 — Call or email me with any questions

If you have any questions about this topic or something else, please call or email me. I am always willing to help!