Make informed decisions with our data-driven insights about the market.

Is the market really shifting? As of early August, the number of resale homes on the market has increased, while the number of homes going under contract has decreased. This shows that more sellers are looking to sell, but only a few buyers are interested in purchasing, resulting in a slight drop in the number of closed sales. Buyers are becoming more selective about what they want to buy and how they want to finance their purchase.

The real estate market is dynamic, and keeping tabs on the financial status of our market allows us to make better decisions, whether you’re buying or selling. We often hear buyers say it’s a buyer's market, while sellers believe rates are too high to sell their houses and buy something else.

“At this point in time, interest rates are moving from the high sixes to the mid and low six.”

This might still change since rates seem to be decreasing, and the Fed is expected to cut rates in September. The changes may have already been reflected in current mortgage rates to some extent, and we will see different interest rates drop near the end of the third and fourth quarters. 

At this point, interest rates are moving from the high sixes to the mid and low six. We will hear different takes on how this will affect the market—potential buyers may see this as the right time to purchase, while sellers may feel they can now afford to buy something new.

We're here to answer any questions and guide you through this process. While you’ll hear different points of view, it’s better to rely on historical data and current statistics, like we do, to form well-informed decisions. You can contact us by phone at (561) 843-4464 or by email at DanKarp@kw.com.