This month has continued to stay busy in the world of real estate. Home values continue to stay high while interest rates have continued to stay low.
New Listings continue to climb, however, not at a rate that keeps things even. Right in sync with new listings, homes that are pending dropped a bit. Meanwhile the number of homes on the market did continue climbing which is good news for buyers. With school season ending we should see more homes coming to market soon as well. Interest rates this past month have continued to stay low. The most impressive number from May was the average days on market for homes that sold- 48 not even half of what it was last year at this time.
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Silvercreek Realty Group