Happy Monday
Welcome to ‘Happy Monday’with Dean & Crystal!
ICYMI (In case you mentioned it)…
Rihanna just gained billionaire-status thanks to her 50% stake in Fenty Beauty as the celb-preneur biz model thrives.
Jack Dorsey’s Square dropped $29 billion on AfterPay because Buy Now Pay Later (BPNL) is zellenial’s fav purchase option.
Reese Witherspoon sold her female-driven production company Hello Sunshine for a reported $900 million
as content wars intensify.
Now, let’s get down to what happened in Real Estate last week and where we are looking for the latest shifts in the market.
The market is still trying to seasonally normalize as inventory climbed 1% last week to 412,000 homes and the median price decreased minimally by $100 from last week. What we are projecting is that next week will be the inventory peak at 416,000 homes. There is a possibility that the growth may be prolonged for another 2-3 weeks. There really aren’t any signs of weakness in the market now nor do we see it in the immediate future.
Buyers are still in hot pursuit of available inventory and the demand remains very strong. There has been chatter in the media and in conversation about the market cooling, however, the comparison is the ultra-hot peak of the frenzy back in March, so it has to be taken in perspective.
Remember, 1,000,000 homes available for sale is considered a strong seller’s market…and we’re only at 412,000.
Is it a good time to sell? that depends on you and your plans. If it is, what are the various ways a realtor can strategically position your home for maximum leverage?
That, my friends and clients, is the conversation we should be having if it is the right time for you.
Call us and let’s talk.
Warmly, Dean.
