PhinneyWoodHomes.com

While the number of New Listing in our PhinneyWood neighborhood had
dropped significantly from last month, this drop is consistent with the
seasonal cycle this time of year. However, market activity - the number of
listings that went pending (received an offer but not yet closed) and the
number of home sales that closed - remained about the same.

The strength of the market activity indicates that buyers are still very
active. While homes that are incorrectly marketed and/or incorrectly
priced (usually both...), good homes that are priced right are still selling
fast. Not surprisingly, home prices also held mostly steady from last month,
and the month before.

Historically, August is a slow month in the real estate market, as both
buyers and sellers tend to be preoccupied with the last of the summer's
rays. We usually see a second surge in activity in the fall. However, with
mortgage interest rates slowly dropping, we might see this spur in market
activity come early. Time will tell.

If you're planning to buy or sell this year, understanding the market
seasonal cycles can help you plan and strategize for optimal results. For a
game plan customized to your specific needs, call Doron Weisbarth for a
no-obligation consultation at 206-779-9808.