As we move into holiday and vacation time the market is holding steady, with showings still higher than the last two years. When there is a shortage of homes for sale, the ones that do come on the market get high competition.
Coming soon listings have dropped as people prepare for the July 4th holiday instead of listing their homes for sale. Closings are the highest they have been all year, as listings that pended the last two months finalize sales.
Concerned about about buying a home when inflation is also a concern? See how homeownership can protect you from inflation in the infographic below from our blog at Keeping Matters Current.
Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com
Some Highlights
- Wondering if it makes sense to buy a home today even when inflation is high? When other costs go up due to inflation, buying a home helps you keep your monthly housing expense steady.
- Rents typically increase with inflation. Maybe that’s why, according to a recent survey, 65.1% of landlords say they plan to raise the rent of at least one of their properties within the next 12 months.
- Especially when inflation is up, having a stable housing payment can be helpful. Let’s connect so you can learn more and start your journey to owning a home today.
