Here is your summer 2021 real estate market overview and update.
We’re still in the middle of this unprecedented seller’s market. The number of homes for sale is down by about 33% compared to this time last year. The number of pending transactions, or homes under contract, is up by about 44% compared to this time last year. We're also seeing even more people from the northeast and out-of-state moving to town.
We're still seeing low interest rates; I see a lot of local lenders advertising about 3%. Today I saw someone lock in a 30-year fixed conventional loan at 2.875%. Right now is the time for buyers to take advantage of this market.
If you're on the fence about whether or not it’s time to buy or sell your property, feel free to reach out to me. I’d love to help you.