| June is the inaugural month of summer, welcoming in longer, warmer days, sunshine, and lush green landscapes adorned with flowers. It’s also the time to celebrate the American Dream by recognizing National Homeownership Month. Homeownership is more than just a roof over your head. It’s a key component of the American Dream and provides stability, financial security, and builds community and generational wealth. Homes are where traditions are started and memories are made. Our team is honored to be a part of your homeownership journey!
Market Update
Our Summer market is robust! Inventories across towns in general are still low, but we’ve seen a burst in homes for sale in Fairfield. On average, homes in Fairfield are still selling above list price, while in Easton, the average sale price has dipped below the average list price. Open House activity is vibrant and buyers are out and seriously looking. Presentation matters! Homes that are properly priced and prepped for sale are still seeing multiple offers over asking price.
Our mortgage partners are seeing a shift in sellers’ willingness to negotiate big ticket inspection items, like septic, roof, and basement water issues, in order to keep the transaction moving forward. An experienced Realtor is essential in guiding buyers and sellers through this process. Most deals are staying intact, but these negotiations can impact mortgage contingency and closing dates.
There’s a lot of misleading information in the media about agency representation and commissions. If you have questions, please reach out and let’s have a conversation. We’re hearing friends, family, and clients repeating things that aren’t accurate, so let us help clear up any confusion. |
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