As Reported by Keith C. Hiscock, REALTOR, GRI, RECS

“The inventory of homes available is still plentiful and will continue to be for the next 6 months. Although the prices of homes being sold have decreased over the last 12 months, homes in very good “market ready” condition and “priced aggressively” are still selling in very short time frame.”

Earl Krakower, a successful local Realtor, expands: “Our home supply and demand ratios are a bit unusual this year… with 18% more homes for sale on the market compared to last year. The number of motivated buyers available has stayed the same. Buyers are strongly favoring homes that are in outstanding condition over those needing updating or a lot of work … overwhelmingly.”