August rolls in without a surprise; activity in our markets has quieted a little showing nothing more than a bit of seasonality.  Not as many homes are coming to market this month and the buyers are busy with family gatherings and vacations. 

The buyer pool maintains its very large form, made up of frustrated builders not able to find the land to build, tenants coming out of rentals because the purchasing environment has been so validating and investors still trying to take advantage of lower prices and cheap money. 

July Market Action Reports are showing us that sales of single family homes continue to outperform in all of our towns compared to a year ago, showing double digit appreciation.  Take a look at the reports on our web site for the details.

Mortgage rates have stabilized in recent days a welcome occurrence following the previous run up in past months.  The data supports a recovering housing market and we continue to see and feel the same. 

This Sunday is the Coldwell Banker Open House Event, 18 houses ranging in price from $259,000 to $2,195,000 are on the tour. Going to open houses is a good way to get a better sense of the market.   

As we look ahead to the beginning of our Fall market, set to tee off next month, we will be here to inform you of our local market behavior.   

Enjoy the rest of your summer!