There are many interesting data points this month, one in particular is a higher list to selling price ratio, a sign of more realistic listing prices and buyers who are ready to buy. July which is typically a slower summer month is opening with activity. Buyers are looking to get into homes before the new school session while sellers are taking advantage of the low inventory.

The numbers are mixed within the towns we operate but the overall activity continues to support what economists are seeing through their indicators and indexes, that the housing market is showing signs of improvement. For more details on our markets visit our Market Action Reports. 

Contributing to the positive signs in the market is that average fixed mortgage rates are continuing to find new all-time record lows. According to Freddie Mac's market survey. the average 30-year fixed has been below 4.00 percent for 16 weeks.