With just under 60 days left in the summer season, it’s time we get real about current housing trends.
Bekah Cooke, co-founder of local agency Atwell Ford, tells City Editor Kellina the real estate market has seen a 39% increase in active listings versus this time last year. Cooke says this shows that there’s a homebuyer demand rather than more sellers coming to market.
Although mortgages remain high, Cooke says 38% of homes on the market have had a price reduction. Buyers can expect more negotiating power in the coming months.
The agency has listed Brookberry Farm, Meadowlark, and West Edge as the “Triad’s most sought-after communities” due to new developments, a variety of housing options, and blend of historic charm. The average home price in Brookberry Farm is $849,450.
Psst, these three homes with pools are the perfect escape from the summer heat.
