Summer Shift in the Housing Market.

Are we seeing a shift in the housing market as we enter into Summer?

Here are a few of the early signs indicating that we are:

1) Fewer Offers

2) Less Escalations/Waivers

3) Growing Days on Market

4) Price Reductions

5) Cancellations

Here are some of the opportunities you'll find with this kind of market:

1) Still a Seller's Market

2) More inventory to buy

3) Less competition for first time buyers

4) Inflation hedge

With the fluctuating interest rates & price volatility you'll want to make sure you're purchasing something you'll want to own for at least 5-7 years.  You can always refinance when interest rates drop and just make sure you're doing  your due diligence. 

As always, if you have any questions or concerns, want more information, or are curious about how this applies to your particular situations, please call us at 206-489-4920 or email us at Info@ReeceHomes.com.