Happy Summer Solstice and the first "official" day of Summer (well, in just a few days). At our house, we've FINALLY gotten the yard and gardens looking great. The bees, butterflies, and hummers are all visiting and happy! Yeah!!! How's the end of Spring/start of Summer treating you?
The question everyone asks (when it comes to real estate 🙂), "Is it a good time to buy/sell?" Well, on the plus side, we have the most inventory since 2018 and fewer sales eating into that inventory. But, we are still at less than 3 months of inventory -- meaning, still a seller's market, technically. And, I continue to see properties with multiple offers and getting more than asking. But, that's not every property. As I always say, it depends on the property being well presented and priced appropriately (not a fire sale, but not "pie in the sky" pricing). Check out the NWMLS (Northwest Multiple Listing Service) reports for more details and perspective.
So far this year, mortgage rates have stayed just under 7% (Mortgage Rates Since 1971). Of course, your mileage may vary -- meaning, what rate you are quoted will depend on your particular financial situation, credit score, the type of loan you are applying for and the lender you are talking with.
As always, I'm available to talk about your plans and/or anything I've mentioned above.
Until next month...
