The market was relatively strong throughout the 2nd quarter. July 1st inventory was up 16% from last year and should continue to rise as we move forward. Prices are beginning to flattened out, especially at high-end prices.
Although inventory is rising, buyers are still competing for the most attractive and updated homes. For sellers it may make sense to make the necessary upgrades to a property prior to selling to gain a greater return on their investment.
This edition of the Housing Report features a waterfront update.