July Real Estate News from The Shanahan Group
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Welcome to a hot and humid July! As we settle into midsummer, we're navigating a constantly evolving real estate landscape, with nuances that vary by town, price point, and even neighborhood. While national headlines highlight a general increase in the number of homes for sale—a welcome change for tired home buyers—this isn't always the case in our local markets.
The number of available homes, or inventory, can differ greatly depending on the town. For instance, in Winchester, the number of homes for sale is the same as last year, but list prices have risen significantly. In Arlington, the homes for sale are about half of what they were at this time last year. Whether you're a buyer or seller, these dynamics are crucial to your position in the market.
Remember, your real estate professional is your best asset for navigating the subtle nuances of each area. Take a look at the statistics for Winchester below, and let us know if you’d like similar information for another town.
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