Welcome 'officially' to summer! We hope you survived the storm last night unscathed. That was pretty scary! I happened to be checking up on a vacant listing right in the path of the storm and took shelter in their basement. Scary! We hope that the start of summer has been a good one. Changing routines is always difficult, especially when children are involved. Our bedtime has continually become later as we all take advantage of the great weather and sunlight.
We are excited to take our summer vacation this year to Washington, DC and Colonial Williamsburg. We even scored tickets for a White House tour! We will be joining Jack & Mary Anne and spending the week in Williamsburg with them and celebrating Independence Day there as well. Ana has been studying Colonial America this summer so she appreciates what she is seeing. It should be a very fun trip and a very educational one as well. We will let you know how it went in next month's newsletter.
The real estate market has been a little nutty lately. After a slow start due to the severe winter, it took off with impressive numbers, until the end of May when it took a breather. Showings and closings are both down right now leaving sellers to question the market at a time, which is usually quite robust. Please know that this slow down is city-wide and is not expected to last. Activity is already slowly picking back up, but summer always brings vacations, so many buyers take a break, especially in June.
Here are some quick housing numbers you will find interesting:
These numbers are comparing May 2013 to May 2014 according to MIBOR's Monthly Indicators Report:
• New listings are down 1.0%
• Pending sales are down 6.8%
• Closed sales are down 9.0%
• Median sales price is UP 1.4% to $140,000
• Average sales price is UP 2.1% to $175,903
• Percent of original list price received at sale is UP 2.1% to 94.4%
• Total active listings available at month end is down 1.7%
• Months supply of inventory is down 5.4% to 5.3 months
We hope you enjoy your summer and are able to take a vacation or two and enjoy some fun time! As always, thank you for being such great clients!! We truly are blessed and continue to be grateful for your on-going trust and support. We would love to help someone you care about with their real estate needs, so please give us a call when the next person you know is talking about buying, selling, or building a new home. We would love to learn about their specific situation and consult with them about their options.
Enjoy the July newsletter!!
Click here to read the July newsletter.
Click here for exclusive access to coupons and discounts.
Steve & Jack Rupp
We are excited to take our summer vacation this year to Washington, DC and Colonial Williamsburg. We even scored tickets for a White House tour! We will be joining Jack & Mary Anne and spending the week in Williamsburg with them and celebrating Independence Day there as well. Ana has been studying Colonial America this summer so she appreciates what she is seeing. It should be a very fun trip and a very educational one as well. We will let you know how it went in next month's newsletter.
The real estate market has been a little nutty lately. After a slow start due to the severe winter, it took off with impressive numbers, until the end of May when it took a breather. Showings and closings are both down right now leaving sellers to question the market at a time, which is usually quite robust. Please know that this slow down is city-wide and is not expected to last. Activity is already slowly picking back up, but summer always brings vacations, so many buyers take a break, especially in June.
Here are some quick housing numbers you will find interesting:
These numbers are comparing May 2013 to May 2014 according to MIBOR's Monthly Indicators Report:
• New listings are down 1.0%
• Pending sales are down 6.8%
• Closed sales are down 9.0%
• Median sales price is UP 1.4% to $140,000
• Average sales price is UP 2.1% to $175,903
• Percent of original list price received at sale is UP 2.1% to 94.4%
• Total active listings available at month end is down 1.7%
• Months supply of inventory is down 5.4% to 5.3 months
We hope you enjoy your summer and are able to take a vacation or two and enjoy some fun time! As always, thank you for being such great clients!! We truly are blessed and continue to be grateful for your on-going trust and support. We would love to help someone you care about with their real estate needs, so please give us a call when the next person you know is talking about buying, selling, or building a new home. We would love to learn about their specific situation and consult with them about their options.
Enjoy the July newsletter!!
Click here to read the July newsletter.
Click here for exclusive access to coupons and discounts.
Steve & Jack Rupp
