REAL ESTATE MARKET UPDATE September 6, 2024 | Market Trends & Tips for Buyers & Sellers

Jennifer and Benjamin Yoingco
Jennifer and Benjamin Yoingco
Published on September 7, 2024

🌟 Weekly Real Estate Market Update! 🌟

📈 Market applications are UP 0.9%, showing strong buyer interest! But inventory dipped slightly 📉 and we expect it to keep shrinking. Price reductions are down to 39.3%, but watch out – we could see that number rise above 40% by winter! 🏠

💰 For sellers, the median price of new listings is now under $400K for the first time this year, so pricing your home right is 🔑 to attracting buyers!

📊 Investors – single-family rents are up 2.8% YOY according to CoreLogic, pushing more into long-term renting!

🏡 Thinking of buying or selling? DM me to get started today! 🔥

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