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Regional market activity that tends to have its annual peak in June, may have peaked a bit earlier this year. But our PhinneyWood neighborhood is, once again, defying the trends. June brought many new listings to the market, and homes are still selling at a good pace and for a good price. The old real estate adage of 'location, location, location' applies perfectly to our neighborhood with its many amenities.

Summer tends to be a slower time in our regional market, as buyers and sellers are preoccupied with having fun in the sun. It will be interesting to see how recent drops in the mortgage interest rates might affect the market activity this summer. While consumers seem less sensitive to the higher mortgage interest rates this year, as compared to last year, it nevertheless sits in the back of their minds. So, when the rates drop, we tend to see a positive reaction both from buyers and from sellers.

To optimize your home buying or selling outcome, you need to understand how the market seasonality and nuanced changes will affect your home buying and selling strategies. To find out the specifics for your needs, with absolutely no obligation, call Doron Weisbarth at 206-779-9808.

Doron Weisbarth

Designated Broker / Owner

Doron Weisbarth Designated Broker / Owner

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