See the full report here for the ending of July 29th, 2017.

“A favorable economy has kept buyers active amidst a summer of stiff competition that has led prices upward and often over the asking price. The latest recorded national unemployment rate of 4.3 is historically low and has served as a general indicator of a strong economy. If wage growth shifts into overdrive from its current state of patient increases, we may see even higher prices or, conversely, more willingness by sellers to increase the inventory pool.”

Source: CAR

See the full report here for the ending of July 22nd, 2017.

See the full report here for the ending of July 8th, 2017.

“From a heart-of-summer perspective, the residential real estate market has performed as expected when predictions were made at the front of the year. Buyer interest is high and inventory is not at a proper level to meet demand. Total sales and new listings are generally behind last year’s levels from week to week, but there is evidence of improvement in both metrics.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use

See the full report here for the ending of June 17th, 2017.

“As Millennials get older and more established in their careers, more of them are entering the

housing market. Nationwide sales rose to the third-highest level since the housing crisis a

decade ago, while home prices also hit record highs. Although increasing prices may push

some out of the running for a home purchase, mortgage rates remain low enough to lure

potential buyers.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use

See the full report here for the ending of June 3rd, 2017.

“Whether or not new listings or total sales are up or down in week-to-week measures, there are two universal truths in residential real estate across the country at the moment: the market is quite active, and, thus, overall inventory is still trending downward compared to last year. That will likely be the case for the entirety of 2017, especially at the pace that homes are coming off the market.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use

See the full report here for the ending of May 20th, 2017.

“Mortgage rates have fallen to their lowest levels so far this year but remain above where they were last year at this time. The market has proven to be ready for higher rates, as many homes continue to sell rapidly, often above the asking price. As long as there is ample supply, which is not a given in every market, 2017 should continue to be a great year for residential real estate.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use

See the full report here for the ending of May 13th, 2017.

“The residential real estate story continues to revolve around the low supply of homes for sale, thus a surge in new homes being built would be a great thing to see. Existing home sale are at all-time highs in some areas; however, home builders have not been able to keep up with demand for new inventory replenishment. It will be interesting to see if this will improve after national manufacturing production had a large increase last month.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use

See the full report here for the ending of May 6th, 2017.

“As we get closer to summer, more houses are put up for sale, as tends to happen around this time each year. Yet it’s not as many homes for sale as 2016, and last year did not have as much available to buy as in 2015. The downward trend continues, which can have an affect on total sales. Homes listed when move-in ready and priced well are being snapped up quickly. In fact, despite lower inventory, many RELATORS report that they are busier than last year and closing plenty of sales.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use