The recent housing market data shows that more homes are being sold this year than in 2020, and they’re being sold for more money. At the same time, the low inventory is what’s keeping the seller’s market afloat.

However, some of these data points are starting to trend down. The rate of growth is beginning to slow. Last month, closed sales dropped for the first time in 2021. Bottom line: the market needs more inventory for sales to keep rising.

With closed sales taking a small dip in the month of July, the market is revealing that it's ready to allow for more competition (new listings) to enter the market.

Rental rates continue to hit record highs and interest rates are remaining at historic lows, making buying the most affordable option. 

With the recent market changes, it’s a great time to take action if you’ve thought about selling or buying a home.

Contact us today at (941) 260 - 0144 if you’re ready for a customized buying or selling plan. We’d love to help!