Real Estate Market Update – August

Be sure to see commentary below the analysis

With so many catastrophic events,  let us gather with grateful hearts remembering God is still in control and still on the throne.

We have 2 new properties on the market in our awesome neighborhood.  One couple needs a bigger yard for their new son and another couple moving because of their job commute.  Once moving to our community, however; most of us stay.
NEW TRAFFIC LIGHT  should be operating the end of the 2nd week of September according to a conversation with public works today.  How wonderful to see the work in progress!!
Mortgage rates remain at an all-time low even though there is a lull with the onset of the school year.  You may be thinking  a seller’s market or buyer’s market???  Actually it is both.  If a property is priced up to $300,000 or so,  it is a seller’s market.  Over $300,000 can favor   the buyer.  Pre-existing inventory is down with new construction on the rise.
Would love to help your friends and relatives with any real estate needs [contact info above].