Market Insights: Unveiling Realcomp’s June Sales Statistics
Realcomp has just released the June sales statistics, shedding light on the latest trends in the housing market. The data indicates a significant shift in market dynamics compared to the same period last year.
Closed Sales have experienced a notable decrease of 18%, indicating a slowdown in finalized transactions. Pending Sales have also dropped by 9%, suggesting a cooling off in buyer activity. However, despite the dip in sales, the Median Sale Price has risen by 6%, reflecting ongoing demand and perhaps a shortage of affordable options in certain areas.
New Listings have seen a decline of 5%, contributing to the overall inventory challenges. Interestingly, Homes On Market have increased by 13%, pointing to properties staying available for longer as buyers take more time to decide. This is further emphasized by the Average Days on Market, which has ticked up by 1 day to an average of 28 days.
These statistics offer valuable insights for both buyers and sellers, highlighting the importance of adapting strategies to navigate the evolving market landscape.
Need more information or looking to list your home for sale? Contact us direct today.
Donald Horne / Broker-Owner
Team Success Listing LLC
teamsuccesslisting@gmail.com / 810-338-0628
https://www.teamsuccesslisting.com
https://bit.ly/WhyClientsChooseUs