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Blog Archives: July 2018

A Shifting Real Estate Market

July 20, 2018
Pelin Erdal
Now that the dust has settled from spring's selling frenzy, we are starting to see some major shifts in the housing market. After years of double-digit appreciation, average and median home prices are slowing down. Inventory of homes on market has increased over the past six weeks, as has the average days on market (the number of days a home is on the market before getting into contract). Even though home prices have not fallen yet, we are finding open houses are less busy, price reductions are more common and homes simply aren’t getting ...

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