Weekly Market Update: July 6th through July 12th

This Week’s Stats

🏡 New Listings: ⬆️ 272 (127 last week)
⏳ Pending: ⬆️ 202 (185 last week)
🔑 Sold: ⬇️ 137 (192 last week)
💲 Price Reductions: ⬆️ 272 (130 last week)

Weekly Trend Overview

The post holiday rebound arrived right on schedule.

After the Fourth of July slowdown, new listings more than doubled as many sellers waited until after the holiday weekend to hit the market. Pending sales also increased, showing buyers were quick to jump back into the market as fresh inventory became available.

Closed sales dipped this week, but that’s not unusual since closings reflect contracts written several weeks ago. The biggest number that stands out is price reductions, which also more than doubled. With so many new homes competing for attention, sellers who started a little high are adjusting their pricing to stay competitive.

What This Means for You

🏡 Buyers

You have significantly more choices this week than you did just seven days ago. If you’ve been frustrated by limited inventory, now is a great time to get back out and tour homes. With more competition among sellers, you may also find more opportunities to negotiate.

📈 Sellers

The market is still moving, but buyers have more options than they did last week. Pricing correctly from day one and making a strong first impression are becoming increasingly important. Well prepared homes are still selling, but buyers are taking their time and comparing more properties before making offers.