The real estate market comes and goes in waves. The summer months are normally slower than the busy spring months…but this summer is anything but normal. Here’s how this summer is playing out in the real estate world and what it means for you. 

1. Inventory is increasing.
Inventory levels have been rising since February, but inventory as a whole is still much lower than previous years. If you’re looking to buy, try to remain patient as more homes appear on the market. If you’re thinking about selling, now is still a great time to do so.

2. Homes are still spending less time on the market.
The current market is moving at lightning speed. The average home is only on the market for 17 days! If you’re looking to buy, be ready to make an offer on the spot. If you’re preparing to sell, make sure you have a plan in case your home sells much quicker than you imagined. 

3. Price appreciation is still rising.
We’re currently experiencing double-digit house price appreciation. Our current levels are well above what we’ve seen in recent summers. 

At the end of the day, this isn’t a normal summer. Whether you’re buying or selling, talk to your real estate agent about how to navigate the current market conditions and make the best move for you and your family.