Dog Days of Summer: Price Reductions Up, New Listings Down

New condo and single-family home listings over the past month have declined steadily. Indeed, this trend is reflected in my broker tour lineup for Tuesday; there haven’t been many new listings in the past couple of weeks. At this point, sellers are waiting to bring their properties on after Labor Day.

And that strategy could be fueling a price reduction fever among sellers of existing available properties.

With many buyers finishing up their summer vacations and existing sellers getting nervous that all the new inventory will undermine them in September, it’s a good idea to take advantage of the timing if you’re a qualified buyer who’s ready to make a home-purchase decision.

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Get in touch:

Eileen Bermingham

Corcoran Global Living

415.823.4656

eileen@insidesfre.com

DRE# 01352627

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