A Quick Market Update and Quick Advice for Buyers

Here’s what to know as we head into fall.

The August numbers are finally out for our real estate market and we’re excited to share them with you. 

For starters, the single-family home median price is up to an all-time high of $839,000. For condo units, we had about 400 units sold at an average price of $430,000. The single-family homes are selling in an average of 15 days, while condos are taking slightly longer at 23 days on average.

If we were representing you as a buyer, here are our three top pieces of advice:

1. Come in strong. Inventory is low and competition is fierce.

2. Make sure you’re pre-approved. Your offer won’t be nearly as strong without one.

3. Hire professional agents. It’s tough out there and you’re going to need some experience on your side.

If you have any questions for us about the current market or anything else related to real estate, don’t hesitate to reach out via phone or email. I look forward to hearing from you.