Weekly Market Update: July 13th through July 19th

This Week’s Stats

New Listings: 228 ⬇️ (272 last week)
Pending Sales: 189 ⬇️ (202 last week)
Sold Homes: 142 ⬆️ (137 last week)
Price Reductions: 245 ⬇️ (272 last week)

Weekly Trend Overview

After last week’s surge in new listings following the Fourth of July holiday, the market settled back into a more typical mid summer pattern. New listings, pending sales, and price reductions all pulled back, while closed sales ticked up slightly.

The encouraging takeaway is that buyers are still making decisions. Pending sales softened a bit, but homes continue to close at a steady pace. At the same time, fewer price reductions than last week could suggest sellers are becoming a little more realistic with their initial pricing, or that the rush of post holiday listings has passed.

What This Means for You

Buyers

Inventory remains healthy compared to earlier this year, so you still have choices and a bit more negotiating power than we’ve seen in recent spring markets. If you’ve been waiting for the right home, this continues to be a solid window to shop before the typical late summer slowdown.

Sellers

Well prepared and properly priced homes are still attracting buyers, but today’s market rewards strategy over wishful thinking. Buyers have options, so presentation and pricing matter more than ever. The homes that generate excitement early are still the ones seeing the strongest results.